Cascal, which provides water and wastewater services in seven countries, priced 12 million shares at $12, the low end of its revised $12-$13 range. The company sold 8.7 million primary shares, while the selling shareholders sold the remaining 3.3 million shares. JP Morgan managed the deal, which was originally planned to consist of 16.7 million shares (7.7 million primary shares) at a range of $17-$19. The stock is expected to begin trading on the New York Stock Exchange on Tuesday under the ticker HOO.
