Flowco Holdings Raises $427 Million in US IPO Priced Above Range

Flowco Holdings Inc. raised $427 million in an initial public offering, pricing shares above a marketed range.

The oil field services company sold 17.8 million shares for $24 each, according to a statement, after having marketed them earlier for $21 to $23 each.

At that price, Flowco would have a market value of $2.1 billion based on the outstanding shares listed in a filing with the US Securities and Exchange Commission.

Funds managed by BlackRock Inc. and American Century Investment Management Inc. had agreed to purchase as much as $125 million in aggregate worth of stock at the IPO ...