Zhitong Finance App learned that oil and gas offshore facility process module and separation equipment supplier VME Companies (VME.US) announced the issuance terms of its IPO on Tuesday. The Tyler, Texas-based company plans to raise $18 million by issuing 4 million shares in the price range of $4 to $5 per share. Based on the median value of the proposed issuance price range, the market value of VME Companies will reach US$311 million.

VME Companies designs, manufactures and delivers engineered process modules and complete equipment for offshore and onshore energy projects. Its EPC and Modular Solutions division provides integrated engineering, procurement and construction services for modular process systems for floating production oil storage and offloading units (FPSO), mobile offshore production units and fixed platforms, covering oil and gas separation, produced water treatment, and gas compression; the company has supplied modules to more than 60 FPSO units, which account for about 80% to 90% of its sales. Its separation technology division supplies separation components, pressure vessels, treatment systems and complete pump sets to upstream, midstream and downstream customers.

VME Companies was founded in 1985 and achieved revenue of 37 million US dollars within the 12 months ending June 30, 2026. The company plans to list on NASDAQ under the ticker symbol VME. Kingswood Capital Markets acted as sole bookkeeper for the deal.

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