Monday, November 29, 2010

Rignet Sets IPO Pricing Range

Houston-based Rignet, a provider of communications systems for the oil and gas industry, has set the pricing range of its IPO, saying that it is looking to offer up 5,000,000 shares of its common shares at between $14.00 and $16.00 per share. Rignet is looking to list on the NASDAQ Global Market as RNET. The firm's IPO is being underwritten by Deutsche Bank Securities, Jefferies & Company, Oppenheimer & Co., and Simmons & Company International. Rignet is backed by Energy Growth AS, Altira Group LLC, and Sanders Morris Harris Group, Inc.