QGOG Constellation postpones IPO

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QGOG Constellation, a Brazilian provider of offshore oil and gas drilling services, postponed its IPO on Thursday citing poor market conditions. The company was founded in 1981 and booked $747 million in sales for the 12 months ended 9/30/2012. J.P. Morgan, BofA Merrill Lynch and Itau BBA were set to be the lead underwriters 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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