NCS Multistage Holding, which provides well completion tools in Canada and the Permian Basin, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
The Houston, TX-based company 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. NCS Multistage Holding filed confidentially on December 29, 2016. Credit Suisse, Citi, Wells Fargo Securities, J.P. Morgan, Simmons & Co., Raymond James, RBC Capital Markets and Tudor, Pickering, Holt & Co. are the joint bookrunners on the deal. No pricing terms were disclosed.
