Mayville Engineering Company, Inc.

Mayville Engineering Company, Inc. (MEC) priced its initial public offering on May 10, 2019 at $17.00 per share, below its $19.00–$21.00 range, raising $106.2M, and listed on NYSE. At the IPO price its market capitalization was about $334.8M. Foley & Lardner advised the company and Latham & Watkins advised the underwriters.

Mayville Engineering Company, Inc. is a U.S. contract manufacturer headquartered in Mayville, Wisconsin, founded in 1945. It provides prototyping and tooling, production fabrication, coating, assembly and aftermarket components to customers in commercial vehicles, construction, powersports, agriculture, military and other markets.

Status

IPO

Ticker

MEC

Exchange

NYSE

Priced

May 10, 2019

IPO price

$17.00

Price range

$19.00–$21.00

Raised

$106.2M

Market cap at IPO price

$334.8M

First filed

Apr 12, 2019

Company counsel

Foley & Lardner

Underwriters' counsel

Latham & Watkins

Sector

Industrials & materials

Country / state

WI

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.