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

Superior raises more cash



By Upstream staff 

US company Superior Well Services has raised $10.2 million to buy oilfield service equipment after selling an extra 840,000 shares at $13 each.

The shares were granted to its underwriters, led by KeyBanc Capital Markets, to cover over-allotments for its initial public offering.

Superior had raised $53.6 million to repay outstanding debt and buy extra equipment after selling more than 4.4 million shares under its IPO. Its existing shareholders sold almost 1.2 million shares.


Wednesday, 10 August, 2005, 01:22 GMT  | last updated: Wednesday, 10 August, 2005, 10:34 GMT

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