One Stop Systems (OSS) Plans to Raise $20 Million in January 29th IPO

One Stop Systems (OSS) expects to raise $20 million in an initial public offering on the week of January 29th, IPO Scoop reports. The company will issue 2,900,000 shares at $6.00-$8.00 per share.

In the last 12 months, One Stop Systems generated $27 million in revenue and $50,000 in net income. The company has a market-cap of $79.8 million.

Roth Capital Partners acted as the underwriter for the IPO and Benchmark was co-manager.

One Stop Systems provided the following description of their company for its IPO: ”  OSS designs, manufactures and markets high-end systems for high performance computing (“HPC”) applications. We combine state-of-the art components from major technology providers to design and manufacture purpose-built systems that allow our customers to exploit Big Data opportunities faster and more efficiently. HPC applications require ultra-fast processing power and the ability to quickly access and store ever growing data sets. We are uniquely positioned as a specialized provider for the high-end of this marketplace providing custom servers, compute accelerators, solid-state storage arrays and system expansion systems. We deliver this high-end technology to our customers through the sale of equipment and software for use on a customer’s premises or through remote cloud access to secure datacenters housing our technology.   “.

One Stop Systems was founded in 1998 and has 75 employees. The company is located at 2235 Enterprise Street #110, Escondido, CA 92029, US and can be reached via phone at (877) 438-2724 or on the web at http://www.onestopsystems.com..

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