Rignet Underwriters Expand IPO Stock Purchase
[Satellite TODAY 01-06-11] The underwriters of RigNet’s recently completed initial public offering of common stock have exercised an over-allotment option in full and will purchase an additional 500,000 shares of RigNet’s common stock, the oil and gas connectivity company announced Jan. 5.
The underwriters also will purchase an additional 250,000 shares of common stock from the selling stockholders. That sale is anticipated to close Jan. 6.
RigNet announced its initial public offering Dec. 14. Deutsche Bank Securities and Jefferies & Co. acted as joint book-running managers for the offering. Oppenheimer & Co. and Simmons & Co. International were the co-managers of the offering.