Kodiak Gas Services, Inc. (KGS) today announced that it priced its initial public offering of 16,000,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Kodiak granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the 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. LLC, J.P. Morgan and Barclays are serving as lead book-running managers for the offering. BofA Securities, Raymond James, RBC Capital Markets, Stifel, Truist Securities and TPH&Co., the energy business of Perella Weinberg Partners, are serving 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 are serving as co-managers for the offering.
