Sprott's Independence Contract Drilling registers for IPO
Independence Contract Drilling Inc, a portfolio company of Canadian resource-focused private equity firm Sprott Resource Corp, has registered with the U.S. Securities and Exchange Commission for a possible initial public offering. Based in Houston, the company is a vertically integrated premium land drilling service provider. The Toronto-based Sprott first invested in Independence Contract Drilling in 2012, and currently holds a 31.7 percent ownership interest.
20 June 2014•4 mins read
