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Friday, 31 October 2014

Frac Tech's sellers need a racy valuation in IPO

The Frac is back

The U.S. fracking specialist’s debut was delayed in May by a buyout. Now it’s coming back to market. The new owners will want an equity valuation above the $3.5 bln they paid. That may be rich for a firm that, while growing swiftly, remains vulnerable to a supply glut.



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