Oil and gas E&P services provider Frank's International files for $500 million US IPO


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Frank's International, a global provider of tubular services to leading oil and gas E&P companies, filed on Friday with the SEC to raise up to $500 million in an initial public offering.

The Amsterdam, Netherlands-based company, which was founded in 1938 and booked $1 billion in revenue for the year ended December 31, 2012, plans to list on the NYSE under the symbol FI. Barclays, Credit Suisse and Simmons & Co. are the joint bookrunners 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

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