American Water Works Sets IPO Terms… $1.6 Billion For Starters (AWK)

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American Water Works Company, Inc. has finally sets its pricing range in its latest SEC FILING today.  This was the fifth such amendment to the original filing in 2007.  The mostly regulated water utility will still trade under the proposed ticker "AWK" on the NYSE.

The initial pricing terms are putting this in a range of $24 to $26 per share, for 64 million shares.  In our last update, we noted the underwriters were as follows:  Goldman Sachs, Citi, Merrill Lynch all listed as lead underwriters; Credit Suisse, JPMorgan, Morgan Stanley, and UBS; and co-managers listed as Edward Jones, Janney Montgomery Scott, Societe Generale, Wachovia Securities, Boenning & Scattergood, Cabrera Capital Markets, HSBC, Stanford Group Company, and The Williams Capital Group.

We will covering this one routinely via our open email distribution list.  At the mid-point of the range, this IPO would yield gross proceeds of $1.6 Billion.

Jon C. Ogg
March 31, 2008

Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at; he does not own securities in the companies he covers.