Mammoth Energy Services Inc. opened an IPO of 7.5 million common shares priced between $15 and $18 each, the company said Oct. 3.
Certain selling stockholders are offering an additional 250,000 shares, and underwriters received a 30-day option to purchase about 1.16 million additional shares, which would be sold by the selling stockholders.
Mammoth Energy will not receive any of the proceeds from the sales carried out by the selling stockholders.
Mammoth Energy will list its common stock on NASDAQ under the ticker “TUSK.”
Credit Suisse Securities (USA) LLC is the book-running manager. Barclays Capital Inc. and Piper Jaffray & Co. are joint book-running managers.
Mammoth Energy Services Inc. is based in Oklahoma City.
Recommended Reading
White House Open to Ending LNG Export Pause in Push for Ukraine Aid, Sources Say
2024-04-02 - Reversing the pause could be tolerable to the White House in order to advance Ukraine aid, in part because the pause has no bearing on near-term LNG exports, the White House sources said.
Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
2024-02-21 - U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
2024-03-13 - NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.
CERAWeek: Two Minutes with EQT’s Toby Rice on Energy Security
2024-03-22 - EQT Corp. President and CEO Toby Z. Rice spoke to Hart Energy on March 20 on the sidelines of CERAWeek by S&P Global to discuss natural gas infrastructure bottlenecks, energy security and the company’s advances on LNG.
FERC Approves Extension of Tellurian LNG Project
2024-02-19 - Completion deadline of Tellurian’s Driftwood project was moved to 2029 and phase 1 could come online in 2027.