Quick Take

Well completion services firm NCS Multistage (Pending:NCSM) has filed an amended S-1/A registration setting its proposed terms for an IPO of $157 million. NCS has shown improved financial performance in 1Q 2017 vs. the prior year, but faces a headwind, as do all oilfield services firms, due to the worldwide oil glut.

While the company may indeed go public, my opinion on the IPO is NEUTRAL.

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