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Ponte Vedra-Based Advanced Disposal Services Plans To Go Public

woman takes out trash
Advanced Disposal Services

A Jacksonville-area waste disposal company is looking to go public.

Advanced Disposal Services Inc. of Ponte Vedra has filed paperwork with the Securities and Exchange Commission to launch an initial public offering.

The company expects its shares to go for around $21 each, which would raise about $163 million. That money would be used to pay off outstanding debt.

Advanced Disposal said it would trade on the New York Stock Exchange under the symbol ADSW. 

The company is now in its quiet period, so it can’t discuss the sale and the actual date of the offering hasn’t been set yet.

Timothy is editor in chief of the Jacksonville Business Journal.