HOUSTON—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.
Nine Energy has worked on custom frack solutions using a divert-a-frac system developed in-house for a client.
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: