Oil and gas E&P Cinco Resources withdraws $173 million IPO

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Cinco Resources, an independent oil and natural gas E&P operating in the western US, withdrew its plans for an initial public offering on Friday. The Dallas, TX-based company was founded in 2002 and booked $52 million in sales for the 12 months ended 12/31/2011. Citi and Wells Fargo Securities were set to be the joint bookrunners on the deal. The company last filed an updated amendment in April 2012.




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

Referenced Stocks: CINC

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