GSE Holding Inc. said it expects its initial public offering of nine million common shares to price at $13 to $15 each.

The Houston-based provider of geosynthetic containment products for environmental protection and confinement applications filed plans in July for an IPO of up to $143.8 million.

GSE is offering 5.4 million shares to repay $40.3 million of debt, pay a $3 million fee to terminate a management agreement and for working capital and general corporate purposes.

The remaining shares are from selling stockholders.

GSE has posted a loss for the past five years. But the company swung to a $1.89 million profit for the nine months ended Sept. 30 as revenue grew 40%.

The company intends to list on the New York Stock Exchange under the symbol GSE

via GSE Holding sees IPO pricing at $13-$15 a share – MarketWatch.