HOUSTON--(BUSINESS WIRE)--NCS Multistage Holdings, Inc. announced today the pricing of its initial public offering of 9,500,000 shares of its common stock at a public offering price of $17.00 per share. The Company’s shares are expected to begin trading on the NASDAQ Global Select Market on April 28, 2017 under the ticker symbol “NCSM.” In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,425,000 shares from certain selling stockholders at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on May 3, 2017, subject to customary closing conditions.

The total net proceeds of the offering will be approximately $148.9 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds 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.

About NCS

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