Mountain Valley Spring Co has said it is in the initial stages of preparing an initial public offering (IPO) to list on the Nasdaq Capital Market Exchange.

The Arkansas-based bottled water producer said on Friday (2 December) that it has filed a registration statement with the US Securities and Exchange Commission for the IPO. The number of shares to be offered and the price range for the offering have not yet been determined, the company said.

Once complete, the firm will trade under the previously reserved symbol 'WATR'.

Rodman & Renshaw will act as sole book-running manager for the offering.