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Oil services firm Miclyn plans $200 mln S'pore IPO-source

Sun May 11, 2008 10:20pm EDT

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(Please click on <SG/IPOMENU> for a Singapore IPO diary)

SINGAPORE, May 12 (Reuters) - Oil services firm Miclyn Express Offshore plans to list in Singapore in the second half of the year and could raise over $200 million in its initial public offering, a source said on Monday.

The Singapore-based company has mandated Macquarie Capital and JPMorgan (JPM.N) as lead managers for the IPO, one person briefed on the deal told Reuters.

The company, which has a shipyard in Batam in Indonesia, provides offshore support vessels, crew and utility vessels and barges to the offshore oil and gas industry in the Middle East, Southeast Asia, India and Australia, according to its Web site. (Reporting by Saeed Azhar, Editing by Neil Chatterjee) (saeed.azhar@thomsonreuters.com; Reuters Messaging: saeed.azhar.reuters.com@reuters.net; +65 6403-5664))


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