Global Geophysical Services Inc., a Missouri City, Texas-based provider of technology that collects seismic data for oil and gas industry, has set the terms of its proposed IPO to 11.5 million shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $610 million, were it to price at the high end of its range.
The company plans to trade on the NYSE under ticker symbol GGS, with Credit Suisse and Barclays Capital serving as co-lead underwriters. Backers include Kelso & Co. and Wayzata Opportunities Fund. GGS filed for a $145 million IPO in 2006, but pulled the registration last year.