QGOG Readies Debut

QGOG Readies Debut

Brazil Equity

Brazil's Queiroz Galvao Oleo e Gas (QGOG) is set to price its IPO today, targeting at least $600m in the SEC-registered sale. Books were heard covered Wednesday. In a test of investor appetite for stocks in the broader Brazilian oil chain, the drill rig operator of the Queiroz Galvao conglomerate is offering 31.6m primary shares, assuming a 15% greenshoe, at $19.00-$21.00, meaning a $632m transaction if done at the midpoint. QGOG is raising funds to make down payments for two ultra-deepwater dri

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