[Context: On February 8, Quintana Energy Partners’ Quintana Energy Services (NYSE: QES) announced the pricing of its IPO at $10, below the planned $12 to $15. Further details and related links are below.]
HOUSTON, Feb. 8, 2018 /PRNewswire/ — Quintana Energy Services Inc. (NYSE: QES) (“QES” or the “Company”) announced today the pricing of its initial public offering of 9,259,259 shares of its common stock at $10.00 per share (the “Offering”). The shares are expected to begin trading on February 9, 2018 on the New York Stock Exchange under the ticker symbol “QES.” In addition, the Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,388,889 shares of the Company’s common stock at the initial public offering price, less underwriting discounts and commissions. The Offering is expected to close on February 13, 2018, subject to customary closing conditions.
BofA Merrill Lynch and Simmons & Company International, Energy Specialists of Piper Jaffray are acting as joint book-running managers and representatives of the underwriters for the Offering. Citigroup, Barclays, Tudor, Pickering, Holt & Co. and Evercore ISI are also acting as bookrunners for the Offering. Stephens Inc. and Capital One Securities are acting as co-managers for the Offering. The Offering will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:
About Quintana Energy Services Inc.
QES is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active major basins throughout the U.S. QES’s primary services include: directional drilling, pressure pumping, pressure control and wireline services. The Company offers a complementary suite of products and services to a broad customer base that is supported by in-house manufacturing, repair and maintenance capabilities.