Nine Energy Service, Inc. Prices Initial Public Offering
January 18 2018 - 6:16PM
Nine Energy Service, Inc. (NYSE:NINE) (“Nine”) announced today the
pricing of its initial public offering of 7,000,000 shares of its
common stock at $23.00 per share. The shares are expected to begin
trading on January 19, 2018 on the New York Stock Exchange under
the ticker symbol “NINE.” Nine has granted the underwriters of the
offering a 30-day option to purchase up to an additional 1,050,000
shares of Nine’s common stock at the initial public offering price,
less underwriting discounts and commissions. The offering is
expected to close on January 23, 2018, subject to customary closing
conditions.
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. Copies of the written
prospectus for the offering may be obtained, when available,
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 200 West StreetNew York, New York 10282 Telephone: (866)
471-2526prospectus-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, and been declared effective by, the
Securities and Exchange Commission (the “SEC”). 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
closing 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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