Charah Solutions Inc. launched its initial public offering on Monday, saying it will offer 7.3 million shares priced at $16 to $18 a pop, to raise $124.1 million at the midpoint of the range. The Kentucky-based company provides environmental and maintenance services to the power generation industry. It has applied to list on the New York Stock Exchange under the ticker symbol "CHRA." Proceeds of the deal will be used to repay debt and for general corporate purposes. Morgan Stanley and BofA Merrill Lynch are joint bookrunners on the deal, with Stifel acting as co-manager.