NCS Multistage Holding, which provides well completion equipment and services in Canada and the US, announced terms for its IPO on Monday.
The Houston, TX-based company plans to raise $157 million by offering 9.5 million shares at a price range of $15 to $18. At the midpoint of the proposed range, NCS Multistage Holding would command a fully diluted market value of $783 million.
NCS Multistage Holding was founded in 2012 and booked $98 million in sales for the 12 months ended December 31, 2016. It plans to list on the Nasdaq under the symbol NCSM. Credit Suisse, Citi, Wells Fargo Securities, J.P. Morgan, Simmons & Co., Raymond James, RBC Capital Markets and Tudor Pickering Holt are the joint bookrunners on the deal. It is expected to price during the week of April 24, 2017.
