Select Energy Services Sets Terms For IPO To Raise Up To $190.8 Million Before Options

By Tomi Kilgore Markets MarketWatch Pulse

Select Energy Services said in a filing Wednesday that it expects its initial public offering of shares to price between $15 and $18 a share. The provider of water services to the oil and gas industry is offering 10.6 million shares of Class A common stock to raise up to $190.8 million. Including options granted to underwriter to cover overallotments, the company could sell 12.19 million shares to raise up to $219.4 million. The stock was approved to list on the NYSE under the ticker symbol "WTTR." The lead underwriters of the offering are Credit Suisse, FBR and Wells Fargo Securities.

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