Brazilian offshore drilling company QGOG Constellation files for a $500 million IPO

By Renaissance Capital,

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QGOG Constellation, a Brazilian provider of offshore oil and gas drilling, filed on Tuesday with the SEC to raise up to $500 million in an initial public offering. The Luxembourg-based company, which was founded in 1981 and booked $747 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol QGOG. QGOG Constellation initially filed confidentially on 4/20/2012. J.P. Morgan, BofA Merrill Lynch, Itau BBA, Credit Suisse and Bradesco BBI are the underwriters on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: QGOG

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