IPO News Archive
Stewart & Stevenson postpones IPO
Stewart & Stevenson, which offers custom equipment for unconventional drilling to the oil & gas industries, postponed its IPO indefinitely on Wednesday. The Houston, TX-based company was founded in 1902 and booked $970.7 million in sales for the 12 months ended 4/30/11. J.P. Morgan, Goldman Sachs and Citi were set to be the lead underwriters on the deal.