NEW YORK, Jan 28 (Reuters) - British water company Cascal NV on Monday raised $144 million with an initial public offering that priced at the bottom of a lowered forecast range.
The company sold 12 million shares for $12 each, compared with a forecast range of $12 to $13, according to an underwriter.
The company had earlier filed to sell 16.7 million shares for between $17 and $19. It lowered the terms for its IPO on Friday, after delaying the pricing of the offering to this week.
The Dorking, Surrey-based water and wastewater services company has been approved to list its shares on the New York Stock Exchange under the symbol “HOO.” HOO.N (Reporting by Lilla Zuill; editing by Carol Bishopric)