Oil and gas equipment manufacturer OMS Energy Technologies (OMSE.US) has lowered its IPO size and now plans to raise $33 million.

Zhijun Finance App learned that Singapore oil and gas equipment manufacturer OMS Energy Technologies has reduced the size of its initial public offering (IPO). The company now plans to issue 3.7 million shares at a price of $8-10 per share, raising $33 million. Previously, the company planned to issue 5.6 million shares at the same price to raise $50 million. The company plans to list on Nasdaq with the stock code "OMSE".