Flowco valued at $2.55 bln as shares jump in strong NYSE debut (updated)

Kodiak Gas Services

16/01/2025 18:08

(Adds details on pricing in paragraph 3)
       Jan 16 (Reuters) - Shares of Flowco Holdings  FLOC.N 
opened nearly 21% above the initial public offering price in
their market debut on Thursday, giving the oilfield services
provider a market value of about $2.55 billion.
    Shares of the company opened at $29 apiece, compared with
the IPO price of $24. 
    The Houston, Texas-based firm sold 17.8 million shares above
the marketed range of $21 and $23 apiece to raise $427.2
million.

 (Reporting by Atharva Singh and Pritam Biswas in Bengaluru;
Editing by Shilpi Majumdar)
 ((Atharva.Singh@thomsonreuters.com))