Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE

Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE

Liberty Oilfield Services Inc. (ticker: LBRT) announced the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share early on Jan. 12. The shares opened trading on the NYSE today at $21.20.  By midday shares of Liberty were trading at almost a 28% premium.

LBRT IPO Source: Google

In addition, Liberty and the selling shareholder granted the underwriters a 30-day option to purchase up to an additional 1,909,663 shares of Liberty’s Class A common stock at the IPO price, less underwrit…

Continue reading Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE at Oil & Gas 360.

Source: Oil & Gas 360

 

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