IPSCO Tubulars, the US subsidiary of Russian pipe-maker TMK, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Houston, TX-based company was founded in 1956 and booked $877 million in sales for the 12 months ended September 30, 2017. It plans to list on the NYSE under the symbol IPSC. IPSCO Tubulars filed confidentially on October 27, 2017. BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, UBS Investment Bank, Citi, Credit Suisse, Barclays and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
