Nine Energy Service, Inc. Announces Launch of Initial Public Offering
January 09 2018 - 7:25AM
Nine Energy Service, Inc. (NYSE:Nine) (“Nine”) announced today that
it has launched an initial public offering of its common stock
pursuant to a registration statement on Form S-1 filed previously
with the Securities and Exchange Commission (the “SEC”). The
offering consists of 7,000,000 shares of common stock being offered
by Nine. In addition, Nine intends to grant the underwriters a
30-day option to purchase up to an additional 1,050,000 shares
of common stock at the initial public offering price, less
underwriting discounts and commissions. The current expected
initial offering price is between $20.00 and $23.00 per share. The
shares have been authorized for listing on the New York Stock
Exchange under the ticker symbol “NINE,” subject to official notice
of issuance.
J.P. Morgan, Goldman Sachs & Co. LLC and Wells
Fargo Securities are acting as joint book-running managers and as
representatives of the underwriters for the offering. BofA Merrill
Lynch and Credit Suisse are also acting as joint book-running
managers for the offering. The offering of these securities 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:
J.P. Morgan Securities LLC c/o Broadridge Financial
Solutions 1155 Long Island Avenue Edgewood, New York 11717
Telephone: (866) 803-9204 prospectus-eq_fi@jpmchase.com
Goldman Sachs & Co. LLC Attention: Prospectus
Department 100 Burma Road Jersey City, New Jersey 07305 Telephone:
(201) 793-5170prospectus-ny@ny.email.gs.com
Wells Fargo Securities, LLC Attention: Equity
Syndicate Department 375 Park Avenue New York, New York 10152
Telephone: (800) 326-5897 cmclientsupport@wellsfargo.com
About Nine Energy Service,
Inc.
Nine Energy Service, Inc. is a leading North
American onshore completion and production services provider that
targets unconventional oil and gas resource development. Nine
partners with exploration and production customers across all major
onshore basins in both the U.S. and Canada to design and deploy
downhole solutions and technology to prepare horizontal, multistage
wells for production. Nine is headquartered in Houston, Texas with
operating facilities in the Permian, Eagle Ford, MidCon, Barnett,
Bakken, Rockies, Marcellus, Utica and throughout Canada.
Important Information
A registration statement relating to these
securities has been filed with the SEC but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. The registration statement may be obtained free of
charge at the SEC’s website at www.sec.gov under “Nine
Energy Service, Inc.” This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or jurisdiction.
Cautionary Statement Concerning
Forward-Looking Statements
Certain statements contained in this press release
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements, including statements regarding the
size, timing or results of the initial public offering, represent
Nine’s expectations or beliefs concerning future events, and it is
possible that the results described in this press release will not
be achieved. These forward-looking statements are subject to risks,
uncertainties and other factors, many of which are outside of
Nine’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking
statements.
Any forward-looking statement speaks only as of the
date on which it is made, and, except as required by law, Nine does
not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for Nine to predict all such factors. When
considering these forward-looking statements, you should keep in
mind the risk factors and other cautionary statements in the
prospectus filed with the SEC in connection with Nine’s initial
public offering. The risk factors and other factors noted in Nine’s
prospectus could cause its actual results to differ materially from
those contained in any forward-looking statement.
ContactsNine Energy Service, Inc.
Heather Schmidt, Director, Investor Relations & Marketing (281)
730-5113 investors@nineenergyservice.com
Nine Energy Service (NYSE:NINE)
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