Newly listed Independence Contract Drilling raises $110 mln
Independence Contract Drilling Inc (NYSE: ICD), a portfolio company of Canadian resource-focused private equity firm Sprott Resource Corp, recently priced its previously announced initial public offering of 10 million shares of common stock at US$11.00 per share. At this price, ICD raised a total of US$110 million, according to a report from Renaissance Capital LLC. Based in Houston, ICD is an oil and natural gas drilling services company. It has been backed by Sprott Resource since 2012.
11 August 2014•4 mins read
