Mistras Group, a global provider of non-destructive infrastructure testing, announced terms for its IPO on Wednesday. The Princeton Junction, NJ-based company plans to raise $131 million by offering 8.7 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Mistras Group will command a market value of $405 million. Mistras Group, which was founded in 1978 and booked $209 million in sales over the last 12 months, plans to list on the NYSE under the symbol MG. J.P. Morgan, Credit Suisse, and BofA Merrill Lynch are the lead underwriters on the deal, which is expected to price on Monday, October 5.
