PE-backed NCS sets IPO pricing terms

Houston, Texas and Calgary-based NCS Multistage Holdings Inc, a technology and services company specializing in multistage completions, has priced its IPO of 9.5 million shares at between $15 and $18 per share. The stock will trade on the NASDAQ under the ticker symbol “NCSM.” Credit Suisse, Citigroup and Wells Fargo Securities are serving as the lead underwriters. NCS is backed by Advent International.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–NCS Multistage Holdings, Inc. (“NCS”), announced today that it has launched an initial public offering of 9,500,000 shares of its common stock at a price to the public between $15.00 and $18.00 per share pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the “SEC”). The underwriters of the offering have been granted an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 1,425,000 shares of common stock from certain selling shareholders on the same terms and conditions. NCS has applied to list the shares of common stock on the NASDAQ Global Select Market under the ticker symbol “NCSM.”

NCS intends to use the net proceeds from the offering to repay certain outstanding indebtedness and use the remainder for general corporate purposes.

Credit Suisse, Citigroup and Wells Fargo Securities are acting as book-running managers and representatives of the underwriters for the proposed offering. J.P. Morgan, Simmons & Company International (Energy Specialists of Piper Jaffray), Raymond James, RBC Capital Markets and Tudor, Pickering, Holt & Co. are also acting as book-running managers for the offering.

The offering is being made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at 1-800-221-1037 or by email at newyork.prospectus@credit-suisse.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-800-831-9146; or from Wells Fargo Securities, LLC, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, by telephone at 1-800-326-5897 or by email at cmclientsupport@wellsfargo.com.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About NCS
NCS Multistage Holdings, Inc. is leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies.