Mammoth Energy Services Plans $129 Million IPO for October 14th (TUSK)
Mammoth Energy Services (TUSK) expects to raise $129 million in an initial public offering (IPO) on Friday, October 14th. The company will be issuing 7,800,000 shares at a price of $15.00-$18.00 per share.
In the last twelve months, Mammoth Energy Services generated $243.5 million in revenue and had a net loss of $54.3 million. Mammoth Energy Services has a market cap of $618.8 million.
Credit Suisse, Barclays and Simmons & Company International (Energy Specialists of Piper Jaffray) acted as the underwriters for the IPO and Raymond James, Tudor, Pickering, Holt, UBS Investment Bank, Johnson Rice & Company, Stephens, Wunderlich and PNC Capital Markets were co-managers.
Mammoth Energy Services provided the following description of their company for its IPO: “We are an integrated, growth-oriented oilfield services company providing completion and production services, contract and directional drilling services and remote accommodation services primarily to companies engaged in the exploration and development of North American onshore unconventional sands and shale oil and natural gas reserves, commonly referred to as “unconventional resources.” “.
Mammoth Energy Services was founded in 2016 and has 500 employees. The company is located at 4727 Gaillardia Parkway, Suite 200 Oklahoma City, OK 73142, USA and can be reached via phone at (405) 608-6007 or on the web at https://www.mammothenergy.com.
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