Flowco Holdings Inc. announced on January 17, 2025, the closing of its initial public offering of 20,470,000 shares of its Class A common stock. The offering was priced at $24.00 per share. This total includes the full exercise by the underwriters of their option to purchase an additional 2,670,000 shares of Class A common stock.
The successful closing of the IPO, coupled with the full exercise of the underwriters' option, indicates robust investor demand and confidence in Flowco's market position. This provides the company with substantial capital. The proceeds will be used to redeem certain equity interests from non-affiliate holders and repay indebtedness under its existing credit agreement.
Flowco's Class A common stock began trading on the New York Stock Exchange on January 16, 2025, under the ticker symbol 'FLOC'. The completion of this offering strengthens Flowco's financial foundation. It supports the company's strategic objectives as a leading provider of production optimization, artificial lift, and methane abatement solutions.
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