NEW YORK, Jan 20 (Reuters) - Stallion Oilfield Services Inc applied Tuesday to withdraw its planned $400 million initial public offering, according to a regulatory filing.
Stallion, a Houston-based company that provides wellsite support services and production and logistics services to oil exploration and production companies, applied for its IPO in April 2007, and planned to use the proceeds to reduce debt.
The IPO was to have been led by Lehman Brothers whose investment banking unit is now part of Barclays; Credit Suisse and UBS.
The company had planned to list its stock under the symbol 'SOFS' on the Nasdaq Stock Market.
Stallion becomes the largest energy-related company to pull its IPO since wholesale power generation company US Power Generating Co withdrew a $500 million IPO in November.
(Reporting by Phil Wahba; editing by Jeffrey Benkoe) Keywords: STALLION OILFIELD/ (phil.wahba@thomsonreuters.com; +1 646 223 6128; Reuters Messaging: phil.wahba.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stallion, a Houston-based company that provides wellsite support services and production and logistics services to oil exploration and production companies, applied for its IPO in April 2007, and planned to use the proceeds to reduce debt.
The IPO was to have been led by Lehman Brothers whose investment banking unit is now part of Barclays; Credit Suisse and UBS.
The company had planned to list its stock under the symbol 'SOFS' on the Nasdaq Stock Market.
Stallion becomes the largest energy-related company to pull its IPO since wholesale power generation company US Power Generating Co withdrew a $500 million IPO in November.
(Reporting by Phil Wahba; editing by Jeffrey Benkoe) Keywords: STALLION OILFIELD/ (phil.wahba@thomsonreuters.com; +1 646 223 6128; Reuters Messaging: phil.wahba.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.