C&J Energy Services, which provides fracturing and tubing services for oil and gas E&P, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $305 million by offering 11.5 million shares at a price range of $25 to $28. At the mid-point of the proposed range, C&J Energy Services will command a market value of $1.4 billion. C&J Energy Services, which was founded in 1997 and booked $339 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol CJES. Goldman, Sachs & Co., J.P. Morgan, and Citi are the lead underwriters on the deal, which is expected to price during the week of July 25.
