Nine Energy Launching $160M IPO: Chron

January 10, 2018

 

Houston oilfield firm Nine Energy Service is going public through a new initial public offering aiming to raise about $160 million, the Houston Chronicle reports.

The IPO, which is selling 7 million shares for $20 to $23 per share, continues a recent trend of more energy services firms going public to capitalize off of the resurgent U.S. shale sector.

Other players making the jump of late include the Keane Group, ProPetro and Mammoth Energy Services.