Independence Contract Drilling announces pricing of IPO 11/08/2014

Independence Contract Drilling announces pricing of IPO
11/08/2014 17:50
Independence Contract Drilling, Inc. announced the pricing of its initial public offering of 10,000,000 shares of common stock at USD 11 per share. The shares will begin trading on the New York Stock Exchange under the ticker symbol "ICD." The underwriters of the offering have a 30-day option to purchase up to an additional 1,500,000 shares from Independence Contract Drilling to cover over-allotments, if any. The offering is expected to close on or about August 13, 2014, subject to customary closing conditions. Morgan Stanley, RBC Capital Markets and Tudor, Pickering, Holt & Co. are acting as book-running managers for the offering. Canaccord Genuity, Capital One Securities, Cowen and Company, FBR, IBERIA Capital Partners L.L.C. and Johnson Rice & Company L.L.C. are acting as co-managers.