One Stop Systems Inc., an Escondido company that makes computer equipment, plans to raise $20 million in an initial public offering.

The business plans to sell 2.88 million shares of stock at $6 to $8 apiece, according to a securities filing.

One Stop Systems designs and manufactures high-speed computing systems for high performance computing applications that require fast processing and storage of large information data sets.

The business said it plans to use proceeds to pay down debt, for working capital and for general corporate purposes.

Roth Capital Partners is the sole book-running manager for the offering. Benchmark is co-manager.

For the nine months ended Sept. 30, One Stop Systems had a net income of $218,000 on revenue of $20.5 million. In the same period of 2016, the business reported a net loss of $19,000 on revenue of $12.4 million.

One Stop Systems ranks as the 84th fastest growing private company in the San Diego Business Journal’s 2018 Book of Lists. The business achieved that rank by growing revenue 65 percent between 2014 and 2016.

Its proposed Nasdaq symbol is OSS.