(Reuters) – Oilfield services provider Flowco Holdings on Tuesday said it is seeking a valuation of up to $2 billion in its initial public offering in the United States.
The company said it would sell 17.8 million shares at a price range of $21 to $23 per share, potentially fetching up to $409.4 million if priced at the upper limit.
The U.S. IPO market experienced a revival in the previous year after nearly three years of avoiding large deals, as improved investor sentiment and near-record-high equity markets fuel renewed activity.
Flowco will list its shares on the New York Stock Exchange under the symbol “FLOC”.
JPMorgan and Jefferies are among the lead underwriters for the offering.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Vijay Kishore)
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