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Subsea construction and diving services provider Superior Offshore International prices 10.2mm shares at $15

April 19, 2007

Superior Offshore International, a provider of subsea construction and diving services to the oil and gas industry in the Gulf of Mexico, priced roughly 10.17 million shares (1.5 million shares more than expected) at $15, the mid-point of its proposed $14-$16 range. Merrill Lynch and JP Morgan acted as joint book-running managers for the IPO, and the stock is expected to commence trading on the NASDAQ under the ticker symbol "DEEP" on Friday. For more information on the company, please view our Featured IPO of the Week write-up.