Oil and gas equipment manufacturer VME Companies (VME.US) sets IPO price at $4-5 per share, aiming to raise $18 million.

According to Golden Ten Data APP, VME Companies (VME.US), a supplier of oil and gas offshore facility processing modules and separation equipment, announced the terms of its IPO on Tuesday. The company, headquartered in Tyler, Texas, plans to raise 18 million US dollars by issuing 4 million shares at a price range of 4 to 5 US dollars per share. Based on the midpoint of the proposed offering price range, VME Companies will have a market capitalization of 311 million US dollars.