Piper Sandler Companies has been named a lead underwriter for Flowco Holdings' U.S. initial public offering. Flowco, an oilfield services provider, filed for the IPO as the U.S. IPO market experiences a revival.
J.P. Morgan and Jefferies are also serving as lead underwriters for the offering. Flowco Holdings is reportedly seeking a valuation of up to $2 billion, indicating a substantial transaction.
Piper Sandler's role in this significant IPO underscores its strong presence in the equity capital markets and its ability to secure mandates in a recovering market, contributing to its corporate financing revenues.
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