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

According to Golden Ten Data APP, VME Companies (VME.US), a supplier of offshore oil and gas facility process modules and separation equipment, announced the terms of its IPO on Tuesday. The company, headquartered in Tyler, Texas, plans to raise 18 million dollars by issuing 4 million shares at a price range of 4 to 5 dollars per share. Based on the midpoint of the proposed price range, the market value of VME Companies will reach 311 million dollars.

VME Companies designs, manufactures, and delivers engineered process modules and complete equipment sets for offshore and onshore energy projects. Its EPC and modular solutions division provides engineering, procurement, and construction services for modular process systems used in Floating Production 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 FPSOs, with this division accounting for about 80% to 90% of its sales. Its Separation Technology division supplies separation internals, pressure vessels, processing systems, and complete pump sets for upstream, midstream, and downstream clients.

Founded in 1985, VME Companies achieved revenue of 37 million dollars for the 12 months ending June 30, 2026. The company plans to list on Nasdaq with the ticker symbol VME. Kingswood Capital Markets is the sole bookrunner for this transaction.