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IPO · SHIM

Shimmick Corp

Formerly SCCI National Holdings, Inc.

Shimmick Corp (SHIM) priced its initial public offering on Nov 15, 2023 at $7.00 per share, below its $10.00–$12.00 range, raising $25M, and listed on Nasdaq. At the IPO price its market capitalization was about $178.5M. King & Spalding advised the company and Nelson Mullins advised the underwriters.

Shimmick Corp provides water and other critical infrastructure solutions nationwide. It has worked on complex water projects, from California wastewater recycling systems to Hoover Dam, and was ranked a top builder of dams and reservoirs in 2022.

Status
IPO
Ticker
SHIM
Exchange
Nasdaq
Priced
Nov 15, 2023
IPO price
$7.00
Price range
$10.00–$12.00
Raised
$25M
Market cap at IPO price
$178.5M
First filed
Oct 5, 2023
Company counsel
King & Spalding
Underwriters' counsel
Nelson Mullins
Sector
Other
Country / state
CA

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

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Filings

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