Energy-industry services company, C&J Energy Services, is planning to raise about $225 million in an initial public offering (IPO), The Wall Street Journal reports. Goldman Sachs and JP Morgan have been appointed as the underwriters, adds Reuters.

The oilfield services company is looking to use a part of the proceeds to finance expansion of its fleets, repay debt and for future capital expenditures. C&J has applied to list its stock on the New York Stock Exchange.

Click here for the story from The Wall Street Journal. 

Click here for the additional coverage from Reuters.