Bruker Energy & Supercon Technologies, which develops superconducting technology for applications in the energy and healthcare markets, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Billerica, MA-based company, which was founded in 2008 and booked $77 million in sales for the 12 months ended June 30, plans to list on the NASDAQ under the symbol ESCT. The company is currently a subsidiary of Bruker Corporation (NASDAQ: BKKR), which will continue to be the controlling stockholder after the IPO. Jefferies & Co. and UBS Investment Bank are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.
