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Oil and gas equipment renter ECM Energy Services withdraws $20 million IPO

ECM Energy Services, which provides oil and gas equipment rentals and related services across the US, withdrew its plans for an initial public offering on Monday. The company determined it would sell assets instead of an IPO. It originally set terms for a $20 million IPO in May 2014.

The Scottsdale, AZ-based company was founded in 2013 and booked $33 million in sales for the 12 months ended December 31, 2013. ECME. ECM Energy Services initially filed confidentially on 10/15/2013. Maxim Group LLC was set to be the sole bookrunner on the deal.

The article Oil and gas equipment renter ECM Energy Services withdraws $20 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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

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