EnergySolutions Prices $690 Million IPO

EnergySolutions Inc., a Salt Lake City-based provider of low-level radioactive waste disposal services, raised approximately $690 million in its IPO. The company priced 30 million American depository shares at $23 per share ($19-$21 range), and will trade on the NYSE under ticker symbol ES. Credit Suisse, JPMorgan and Morgan Stanley served as co-lead underwriters. The company is owned by a private equity consortium of Lindsay Goldberg & Bessemer, Peterson Partners and Creamer Investments. The consortium retains a majority ownership position post-IPO.