Select Energy Services Raises $122M In Below-Range IPO
Law360, New York (April 21, 2017, 9:59 PM EDT) -- The gusher of energy-related issuances continued Friday as Texas-based oil field services firm Select Energy Services Inc. tapped public markets for $122 million in an offering guided by Vinson & Elkins LLP and Baker Botts LLP.
Select Energy Services sold 8.7 million shares of common stock at $14 each, a price that fell below its anticipated $15 to $18 range. Its net proceeds could rise by an additional $17 million if underwriters exercise their 30-day option to purchase an additional 1.3 million shares, the company said Thursday.
In its filing with the U.S. Securities and Exchange Commission, Select Energy Services said...
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