Flowco Holdings Inc. has officially announced the closing of its initial public offering (IPO), marking a significant milestone in the company’s history. The offering included the sale of 20,470,000 shares of its Class A common stock at a public offering price of $24.00 per share. Notably, the underwriters exercised their option in full to purchase an additional 2,670,000 shares of Class A common stock from Flowco at the initial public offering price, excluding underwriting discounts and commissions.
Following the successful IPO, Flowco’s Class A common stock commenced trading on the New York Stock Exchange (NYSE) on January 16, 2025, under the ticker symbol “FLOC.” The strong market debut underscores investor confidence in Flowco’s business model, its leadership, and its Flowco Holdings strategic vision for the future.
Use of Net Proceeds
Flowco intends to utilize the net proceeds from this public offering for several strategic financial objectives. A primary focus will be the Flowco Holdings redemption of certain equity interests from non-affiliate holders. Additionally, the remaining proceeds will be allocated towards repaying outstanding debt under the company’s existing credit agreement. This strategic financial management aims to strengthen Flowco’s balance sheet and enhance its overall financial flexibility, positioning the company for sustainable long-term growth.
Leading Financial Institutions Involved
The IPO was executed with the support of several prominent financial institutions that played key roles in managing the offering. J.P. Morgan, Jefferies, Piper Sandler, and Evercore ISI served as the lead bookrunning managers, ensuring the offering was successfully structured Flowco Holdings and executed. Additionally, BMO Capital Markets, Pareto Securities, and TPH&Co. (the energy division of Perella Weinberg Partners) contributed as joint book-running managers. Fearnley Securities and Pickering Energy Partners also participated as co-managers, further strengthening the offering’s execution.
The collaboration with these esteemed financial Flowco Holdings institutions highlights Flowco’s credibility and attractiveness within the investment community. Their expertise and market reach contributed significantly to the successful completion of the IPO, ensuring that Flowco secured the necessary capital to support its strategic growth initiatives.
Accessing the Prospectus
For investors and interested parties seeking more details on the offering, the Flowco Holdings prospectus was made available through multiple sources. Copies of the prospectus could be obtained from:
- J.P. Morgan Securities LLC – Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; Telephone: (866) 803-9204; Email: [email protected].
- Jefferies LLC – Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022; Telephone: (877) 821-7388; Email: [email protected].
- Piper Sandler & Co. – Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402; Telephone: (800) 747-3924; Email: [email protected].
- Evercore Group, L.L.C. – Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055; Telephone: (888) 474-0200; Email: [email protected].
Investors were encouraged to carefully review the prospectus to gain a comprehensive understanding of the offering, including potential risks and future opportunities associated with Flowco’s business model.
SEC Registration and Compliance
The securities offered through the IPO were registered with the U.S. Securities and Exchange Commission (SEC) under a registration statement that was officially filed and declared effective on January 15, 2025. Interested investors and analysts could access copies of the registration statement through the SEC’s website at www.sec.gov.
It is important to note that this press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Furthermore, the sale of these securities is strictly regulated, ensuring that the offering complies with jurisdictional securities laws before becoming available for purchase.
About Flowco Holdings Inc.
Flowco Holdings Inc. is a recognized leader in providing innovative production optimization, artificial lift, and methane abatement solutions tailored for the oil and natural gas industry. The company’s portfolio includes a comprehensive range of cutting-edge equipment and technology-driven solutions designed to enable oil and gas producers to enhance operational efficiency, optimize asset profitability, and extend the economic lifespan of their energy resources.
Flowco’s commitment to technological innovation and environmental responsibility is reflected in its methane abatement solutions, which support the industry’s transition toward more sustainable energy practices. By integrating advanced artificial lift systems and data-driven production optimization strategies, Flowco empowers its clients to achieve greater productivity while minimizing environmental impact.
With a strong market presence and a commitment to excellence, Flowco continues to position itself as a trusted partner for energy producers worldwide. The completion of its IPO marks a transformative step in its corporate journey, providing the company with additional financial resources to drive innovation, expand its market reach, and create long-term value for shareholders.
