MRC Global Inc IPO shares prices,MRC Global Inc stock prices per shares april 11 2012, MRC Global Inc stock symbol : MRC Global Inc. expects its initial public offering of 22.7 million shares to price between $21 and $23 a share. The oil-and-gas industry supplier filed in January for an estimated IPO of up to $100 million in an effort to return to the public market.In its Wednesday regulatory filing, the company said it plans to offer 17 million shares and the remaining 5.68 million shares will be sold by shareholders. MRC supplies pipes, valves and fittings to the oil-and-gas sector, a business that has delivered robust revenue over the past year as strong crude prices spur producers to invest in new wells.
The company's predecessor went private in 2007 through a buyout by an affiliate of Goldman Sachs Group (GS), which renamed the company MRC Global. It had filed for an earlier IPO in 2008 but withdrew its plans the following year, citing market conditions.
The company reported a profit of 15 cents a share for the nine months ended Sept. 30, compared with a 23-cent loss during the same period a year earlier. Revenue rose 25% to $3.52 billion.
MRC said it plans to use proceeds from the offering for general corporate purposes, and intends to trade on the New York Stock Exchange under the symbol MRC.
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