QGOG Constellation (QGOG Files $500M IPO

January 7, 2013 5:37 PM EST
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QGOG Constellation SA (NYSE: QGOG) filed a registration with the U.S. SEC for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $500 million. QGOG plans to list on the New York Stock Exchange under the ticker, "QGOG."

The offering is being made through J.P. Morgan, BofA Merrill Lynch, Ita├║ BBA, Credit Suisse, and Bradesco BBI.

Operating revs rose from $156.6 million in 2009, to $346.8 million in 2010, to $586.3 million for 2011. QGOG reported a loss of 80 cents per share in 2009, 81 cents per share in 2010, and 71 cents per share in 2011.

For the first three quarters of 2012, QGOG swung to profit of $2 per share from a loss of 44 cents per share in 2011.

QGOG is a market leading Brazilian-controlled provider of offshore oil and gas contract drilling and FPSO services in Brazil.

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