Compressco Partners, L.P., a provider of production enhancement services to natural gas and oil exploration companies, begin their roadshow and announce the pricing date for its IPO on Wednesday. The Oklahoma City, OK-based company plans to raise $50 million by offering 2.5 million shares at a price range of $19 to $21. At the mid-point of the proposed range, Compressco will command a market value of $298 million. Compressco, which booked $82 million in sales for the 12 months ended March 31, 2011, plans to list on the NASDAQ under the symbol GSJK. Raymond James, J.P. Morgan, and RBC Capital Markets are the lead underwriters on the deal, which is expected to price Wednesday, June 15th.
