A recent filing with the U.S. Securities and Exchange Commission revealed that Frank's International N.V. raised the size of its initial public offering to an estimated 45%. Now, the IPO is up to USD 724.5 million from its original May filing of only USD 500 million. An estimated 34.5 million shares, including underwriters options, valued at USD 19 to USD 21 per share, are expected to be sold by the company. Last year, common stockholders of the company posted a net income of USD 350.9 million. Frank's International earned USD 1.06 billion in revenues in 2012.

A provider of drilling equipment and related services to offshore and onshore companies, Frank's International's list of clients includes Chevron Corp., Exxon Mobil Corp., and ConocoPhillips. The New York Stock Exchange approved it for listing under the ticker symbol "FI." There are 13 underwriters to the IPO. They are represented by Barclays Capital, Credit Suisse Securities and Simmons & Company International.