FTS International Delays IPO Friday, June 15, 4:42 PM ET
U.S. oilfield services company FTS International has again put off its IPO, the "foreseeable future," citing market conditions.
Just several months ago, the company was drawing investments from major Chinese oil companies.
Standard & Poor's Ratings Services downgraded the company's debt two weeks ago and said that operating margins had dropped to 22 percent in the first quarter from 40 percent in the same period last year.
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