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Tuesday, 02 December, 2008, 21:20 GMT | more >>

Superior closes IPO



By Upstream staff 

Oilfield services company Superior Well Services has closed its initial public offering after it raised $53.6 million to repay outstanding debt and buy additional oilfield service equipment.

The company had sold more than 4.4 million shares while its existing shareholders sold almost 1.2 million shares.

Superior has also granted its underwriters, led by KeyBanc Capital Markets, a 30-day option to purchase an additional 840,000 shares to cover over-allotments.


Thursday, 04 August, 2005, 01:19 GMT  | last updated: Thursday, 04 August, 2005, 01:19 GMT

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