NCS Multistage Holdings Inc. is seeking an IPO of more than 9.5 million shares of its common stock, the Houston-based service company said April 17.
The offering is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. NCS said it plans to use proceeds from its IPO to repay debt and for general corporate purposes.
NCS is an independent technology and services company that specializes in multistage completions. The company operates throughout North America, Mexico, Argentina, Australia, China and Russia, according to its website.
NCS applied to list the shares of common stock on the NASDAQ Global Select Market under the ticker symbol “NCSM.”
Credit Suisse, Citigroup and Wells Fargo Securities are book-running managers and representatives of the underwriters for the proposed offering. J.P. Morgan, Simmons & Co. International (energy specialists of Piper Jaffray), Raymond James, RBC Capital Markets and Tudor, Pickering, Holt & Co. are also book-running managers for the offering.