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Canada Frac Tools Co. Hoping to Raise $152 Million; IPO

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Canada Frac Tools Co. Hoping to Raise $152 Million; IPO

[Summary: Advent International-backed NCS Multistage has priced its IPO between $15 and $18 per share.  NCS provides sliding sleeve frac solutions mostly in the Canada markets. Based on the share volume (9.5 million) the company is hoping to raise $152 million]

NCS Multistage Holdings, Inc. (“NCS”), announced today that it has launched an initial public offering of 9,500,000 shares of its common stock at a price to the public between $15.00 and $18.00 per share pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the “SEC”).

The underwriters of the offering have been granted an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 1,425,000…

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