Ipsco Tubulars Inc. , a producer of welded oil country tubular goods and other pipe products, set terms for its planned initial public offering on Monday, saying it will offer 23.3 million shares priced at $20 to $23 each. The company has applied to list on the New York Stock Exchange, under the ticker symbol “IPSC.” The company will use the proceeds to deal to pay down debt and for general corporate purposes. BofA Merrill Lynch and Morgan Stanley & Co. LLC are acting as joint book-running managers with J.P. Morgan, UBS Investment Bank, Citigroup, Credit Suisse, Barclays and Evercore ISI acting as co-managers.
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