Renaissance Capital logo

Dynamic Offshore postpones IPO

January 31, 2012
DOR

Dynamic Offshore Resources, a Riverstone/Carlyle-backed E&P operating offshore in the Gulf of Mexico, postponed its IPO on Tuesday because of poor market conditions. The Houston, TX-based company was founded in 2008 and booked $447.8 million in sales for the 12 months ended 9/30/11. Citi, Credit Suisse, and Deutsche Bank were set to be the lead underwriters on the deal.