HOUSTON -- (Business Wire)
NCS Multistage Holdings, Inc. (“NCS” or the “Company”) announced today
the pricing of its initial public offering of 9,500,000 shares of its
common stock at a public offering price of $17.00 per share. The
Company’s shares are expected to begin trading on the NASDAQ Global
Select Market on April 28, 2017 under the ticker symbol “NCSM.” In
addition, the underwriters have been granted a 30-day option to purchase
up to an additional 1,425,000 shares from certain selling stockholders
at the initial public offering price, less underwriting discounts and
commissions. The offering is expected to close on May 3, 2017, subject
to customary closing conditions.
The total net proceeds of the offering will be approximately $148.9
million, after deducting underwriting discounts and commissions and
estimated offering expenses. The Company intends to use the net proceeds
to repay certain outstanding indebtedness and use the remainder for
general corporate purposes.
Credit Suisse, Citigroup and Wells Fargo Securities are acting as
book-running managers and representatives of the underwriters for the
proposed offering. J.P Morgan, Simmons & Company International (Energy
Specialists of Piper Jaffray), Raymond James, RBC Capital Markets and
Tudor, Pickering, Holt & Co. are also acting as book-running managers
for the offering.
The offering is being made only by means of a prospectus. When
available, a copy of the prospectus may be obtained from Credit Suisse
Securities (USA) LLC, Attention: Prospectus Department, One Madison
Avenue, New York, NY 10010, by telephone at 1-800-221-1037 or by email
at newyork.prospectus@credit-suisse.com;
or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, by telephone at
1-800-831-9146; or from Wells Fargo Securities, LLC, Attention: Equity
Syndicate Dept., 375 Park Avenue, New York, New York 10152, by telephone
at 1-800-326-5897 or by email at cmclientsupport@wellsfargo.com.
A registration statement relating to these securities has been filed
with, and declared effective by, the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About NCS
NCS Multistage Holdings, Inc. is a leading provider of highly engineered
products and support services that facilitate the optimization of oil
and natural gas well completions and field development strategies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170427007043/en/
Contacts:
for NCS Multistage
Virginia Brooks, 214-932-5859
virginia@brooksandassociatespr.com
IR@ncsmultistage.com
Source: NCS Multistage Holdings, Inc.
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