Houston – Oilfield communications company RigNet Inc. has made an initial public offering of 5,000,000 shares of its common stock at $12.00 per share. The shares began trading on The NASDAQ Global Select Market on December 15, 2010 under the ticker symbol "RNET."

RigNet is offering 3,333,334 shares of common stock and selling stockholders are offering the remaining 1,666,666 shares in the offering. The underwriters have a 30-day option to purchase up to an additional 500,000 shares from RigNet and an additional 250,000 shares from the selling stockholders to cover over-allotments, if any.

Deutsche Bank Securities Inc. and Jefferies & Co. Inc. are acting as joint book-running managers for the offering. Oppenheimer & Co. Inc. and Simmons & Co. International are the co-managers of the offering. 

Source:  RigNet Inc.