McJunkin Red Man files for IPO, will list as MRC
MRC Global Inc., formerly McJunkin Red Man Holding Corp., announced it has filed a registration statement with the federal Securities and Exchange Commission for an initial public offering of stock.
The number of shares to be offered nor the stock price has been determined. However, the registration statement estimates the proposed maximum aggregate offering will be $100 million. The company said it will ask the New York Stock Exchange to list the stock under the symbol, "MRC."
MRC has more than 3,600 employees, including more than 380 in West Virginia. The company posted $4.6 billion in revenue over the past four quarters. MRC has more than 400 service locations and about $900 million of PVF stock strategically located around the globe.
Source: Charleston Daily Mail