The largest water treatment company in the United States WaterBridge (WBI.US) plans to price its IPO at $17-20 per share with the goal of raising $500 million.

According to Zhitong Finance APP, WaterBridge Infrastructure (WBI.US), which provides comprehensive water services and infrastructure support for oil and gas exploration and development enterprises (E&P), announced the terms of its IPO for the first time on Monday. The company, headquartered in Houston, Texas, plans to issue 27 million shares at a price of $17 to $20 per share, raising $500 million. Based on the calculated midpoint of the proposed issuance price range, WaterBridge Infrastructure's fully diluted market value will reach $2.1 billion.