Brazilian offshore drilling company QGOG Constellation files for a $500 million IPO
QGOG Constellation, a Brazilian provider of offshore oil and gas drilling, filed on Tuesday with the SEC to raise up to $500 million in an initial public offering. The Luxembourg-based company, which was founded in 1981 and booked $747 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol QGOG. QGOG Constellation initially filed confidentially on 4/20/2012. J.P. Morgan, BofA Merrill Lynch, Itau BBA, Credit Suisse and Bradesco BBI are the underwriters on the deal. No pricing terms were disclosed.
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