Hydraulic fracturing company FTS International withdraws $1.1 billion IPO

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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.



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



This article appears in: News Headlines , IPOs

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