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QGOG Constellation postpones IPO

7 February 2013

(Nasdaq) QGOG Constellation, a Brazilian provider of offshore oil and gas drilling services, postponed its IPO on Thursday citing poor market conditions. The company was founded in 1981 and booked $747 million in sales for the 12 months ended 9/30/2012. J.P. Morgan, BofA Merrill Lynch and Itau BBA were set to be the lead underwriters on the deal.