Kodiak Gas Services is pricing 16M stock IPO at $16 an hour from Investing.com

© Reuters. Kodiak Gas Services (KGS) is pricing an IPO for 16 million shares at $16 an hour

Kodiak Gas Services, Inc. (KGS) announced today that it has finalized its initial public offering of 16,000,000 common shares at a price of $16.00 per share. In addition, Kodiak granted the underwriters a 30-day option to purchase up to an additional 2,400,000 common shares at market price, less subscription discounts and commissions.

Trading in the shares is expected to begin on New York Stock Exchange (“NYSE”) on June 29, 2023 under the ticker symbol “KGS”. The offering is expected to close on July 3, 2023, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLCJP Morgan and Barclays are acting as lead book-running managers for the offering. BofA Securitiesraymond james, RBC capital marketspen, Truist Securities and TPH&Co., the energy business of Perella Weinberg Partners, are acting as book-running managers. Comerica Securities, Fifth Third Securities, Inc., Regions Securities LLC, Texas Capital Securities, AmeriVet Securities, Guzman & Company, R. Seelaus & Co., LLC And Siebert Williams Shank act as co-manager for the offer.