Global Geophysical prices low, sells less-underwriter
NEW YORK, April 21 |
NEW YORK, April 21 (Reuters) - Oil and gas services company Global Geophysical Services Inc (GGS.N) priced shares in its initial public offering below the expected range on Wednesday and sold fewer than expected shares, according to an underwriter.
Missouri City, Texas-based Global Geophysical sold 7.5 million shares for $12 each, raising about $90 million. It had originally planned to sell 11.5 million shares for $15 to $17 each, but earlier on Wednesday cut the number of shares it expected to sell to 9.5 million. (Reporting by Clare Baldwin; editing by Carol Bishopric)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters