Oilfield equipment co Innovex drops after unveiling secondary offering
06/08/2026 22:01
BUZZ-Oilfield equipment co Innovex drops after unveiling secondary offering ** Shares of oilfield equipment provider Innovex International INVX.N down 1.5% to $30.24 in extended trading after secondary offering news
** Houston, Texas-based INVX says affiliates of Amberjack Capital Partners to part with 5 mln shares
** Barclays sole underwriter
** Prior to offering, private equity firm Amberjack owned ~22.76 mln shares, about 32.5% of INVX's approx 69.94 mln shares outstanding, per LSEG data
** INVX closed up 0.9% at $30.70 on Thurs, up 40% YTD
** 4 of 5 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $35
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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Innovex slides as PE backer carves stake in oilfield equipment firm
Brief: Innovex International Announces Pricing Of Underwritten Offering Of 5 Mln Shares Of Common Stock By Selling Stockholders
Oilfield equipment co Innovex drops after unveiling secondary offering