Oil and gas equipment manufacturer VME Companies (VME.US) IPO priced at $4-$5 per share, aiming to raise $18 million.

Zhitong Finance APP has learned that VME Companies (VME.US), a supplier of process modules and separation equipment for offshore oil and gas facilities, announced the terms of its IPO on Tuesday. The Taylor, Texas-based company plans to raise $18 million by offering 4 million shares at a price range of $4 to $5 per share. At the midpoint of the proposed price range, VME Companies would have a market value of $311 million.