Reported 20 days ago
Oilfield services company Flowco has reported a significant revenue increase in its filing for a U.S. initial public offering (IPO), tapping into a renewed investor interest in the IPO market. The company, which specializes in enhancing oil and gas extraction, saw its revenue rise to $349.3 million in the nine months to September 30, up from $167.9 million the previous year. With expectations for a favorable IPO environment in 2025, Flowco aims for a valuation of up to $2 billion and plans to list on the New York Stock Exchange under the ticker 'FLOC'.
Source: YAHOO