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Share Name | Share Symbol | Market | Type |
---|---|---|---|
QGOG Constellation S.A. | NYSE:QGOG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
By Kristin Jones
Brazilian oil and gas driller QGOG Constellation has withdrawn its filing for an initial public offering, citing market conditions.
Shortly before trading was expected to launch in early February on the New York Stock Exchange, the company said that it was postponing the IPO, which was expected to price at as much as $578 million.
QGOG, which is part of Queiroz Galvao SA, a closely held Brazilian conglomerate, owns a fleet of offshore and onshore rigs, including nine ultra-deepwater rigs in operation or under construction.
J.P. Morgan Chase & Co. (JPM), Bank of America Corp. (BAC), Banco Itau (ITUB, ITUB4.BR), Credit Suisse Group AG (CS) and Banco Bradesco SA (BBD, BBDC4.BR) were lead underwriters.
-Write to Kristin Jones at kristin.jones@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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