Hydraulic fracturing company FTS International withdraws $1.1 billion IPO

By Renaissance Capital,

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FTS International, a provider of oil and natural gas well stimulation services, withdrew its plans for an initial public offering on Wednesday. The Fort Worth, TX-based company was founded in 2000 and booked $1.9 billion in sales for the 12 months ended 6/30/2011. BofA Merrill Lynch, Goldman Sachs, and Citi were set to be the joint bookrunners on the deal.

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