December 20, 2010
RigNet, Inc. Announces the Closing of its Initial Public Offering
Houston, TX, December 20, 2010 - RigNet, Inc. (NASDAQ: RNET) today announced that it has closed its previously announced initial public offering of 5,000,000 shares of its common stock at an initial public offering price of $12.00 per share. RigNet sold 3,333,334 shares of its common stock and selling stockholders sold the remaining 1,666,666 shares in the offering.
Deutsche Bank Securities Inc. and Jefferies & Company, Inc. acted as joint book-running managers for the offering. Oppenheimer & Co. Inc. and Simmons & Company International were the co-managers of the offering. A copy of the final prospectus may be obtained from either:
Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey, 07311-398, telephone (800) 503-4611, or by e-mailing prospectus.cpdg@db.com; or Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, New York, 10022, telephone (877) 547-6340, or by emailing Prospectus_Department@Jefferies.com.
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RigNet is a leading global provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston,Texas.
Contact: RigNet, Inc.
Marty Jimmerson
+1 (281) 674-0118
investor.relations@rig.net
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