Ranger Energy Services launches IPO

Ranger Energy Services Inc. has launched an initial public offering of 5,000,000 shares of its Class A common stock at an anticipated initial offering price between $16.00 and $18.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission.

In addition, Ranger intends to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of Ranger’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “RNGR,” subject to official notice of issuance.

Credit Suisse, Simmons & Company International | Energy Specialists of Piper Jaffray, and Wells Fargo Securities are acting as the lead book-running managers for the offering. Additional book-running managers are Barclays and Evercore ISI.

Ranger Energy Services Inc. is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...