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.