National Energy Services Reunited, a blank check company formed by former oil executives to acquire an energy business, announced terms for its IPO on Wednesday.
The Houston, TX-based company plans to raise $200 million by offering 20 million units at a price of $10. At the the proposed price, National Energy Services Reunited would command a market value of $250 million.
National Energy Services Reunited was formed in 2017 and it plans to list on the Nasdaq under the symbol NESRU. Maxim Group LLC and National Bank of Canada are the joint bookrunners on the deal. Timing details were not released.
