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Blank check for oil: National Energy Services Reunited prices upsized $210 million IPO at $10

May 12, 2017

National Energy Services Reunited, a blank check company formed by a former Schlumberger (NYSE: SLB) executive to acquire an energy business, raised $210 million by offering 21 million shares at $10. It had originally planned to offer 20 million units. National Energy Services Reunited plans to list on the Nasdaq under the symbol NESRU. Maxim Group LLC and National Bank of Canada acted as lead managers on the deal.