In its latest filing with U.S. regulators, the company said it plans to sell 13.2 million shares, while selling stockholders will sell the remaining the units being offered.
In September last year, Forum Energy had filed with the U.S. Securities and Exchange Commission to raise up to $300 million through its initial share offering. A month later, it increased its IPO size to $345 million.
The company, which is backed by private equity firm SCF Partners, expects to receive net proceeds of about $231.8 million and plans to use it to repay debt.
Forum Energy plans to list its shares on the New York Stock Exchange under the symbol 'FET.'
J.P. Morgan Securities, Merrill Lynch, Credit Suisse, Citigroup and Deutsche Bank are some of the underwriters for the offering.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment