Jan. 17, 2018
IPSCO Plans Public Offering
IPSCO Tubulars Inc., Houston, has filed a proposed initial public offering of shares of its common stock with the U.S. Securities and Exchange Commission. The number of shares to be offered and the price range have not yet been determined.
In connection with the offering, IPSCO has applied to list its common stock on the New York Stock Exchange under the symbol IPSC. The proposed offering will be made only by means of a prospectus.
IPSCO Tubulars Inc. is a producer and supplier of seamless and welded oil country tubular goods and other pipe products, with headquarters in Houston, Texas. The company has 12 manufacturing facilities in Texas, Pennsylvania, Ohio, Kentucky, Arkansas, Oklahoma, Iowa, Nebraska and Alberta, Canada.
IPSCO was previously a public company before being acquired by SSAB in 2007. One year later, Russia’s TMK acquired the IPSCO tubular business from SSAB through a second transaction with Evraz S.A.