RigNet Prices Well Below Expectations

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RigNet (RNET) priced its IPO at $12 versus the $14-$16 expected range.The offering was 5 million shares and the underwriters on the offering were Deutsche Bank and Jefferies & Co.RNET is a telecom company that caters mainly to the offshore drilling oil and gas industry. It provides Cisco-powered IP-based voice, fax, video, and high-speed Internet to remote locations around the world. Drilling rigs and production platforms around the world use RigNet.

Crypto Whales Are Loading Up — Are You?

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