Oilfield services provider Flowco files for US IPO

(Reuters) - Oilfield services provider Flowco Holdings said on Friday it has filed for a U.S. initial public offering, the latest to capitalize on the recent revival in investor appetite for newly listed stocks.

The U.S. IPO market, which had largely avoided large deals for nearly three years, is experiencing a revival as improving investor sentiment and near-record-high equity markets fuel renewed activity.

Analysts anticipate a significant resurgence in stock market flotations next year, driven by pent-up demand and diminishing economic uncertainty, creating a more favorable environment for companies to go public.

Flowco did not reveal the number of shares it intends to sell or the potential size of its offering, but Reuters reported in September, citing sources, it could seek a valuation of as much as $2 billion.



It plans to trade on the New York Stock Exchange under the ticker symbol 'FLOC'.

J.P. Morgan, Jefferies and Piper Sandler are the lead underwriters of the offering.

Source: Investing.com