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Electrical equipment company Pioneer Power Solutions files for a $9 million IPO
By: Renaissance Capital
Pioneer Power Solutions, which provides electrical equipment and services in the utility, industrial and commercial markets, filed on Thursday with the SEC to raise up to $9 million in an initial public offering. The Fort Lee, NJ-based company, which was founded in 1995 and booked $86 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol PPSI. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.