Oil and gas services provider Flowco Holdings has announced the launch of its IPO to raise $392m by offering 17.8 million shares priced between $21 and $23 each. Cornerstone investors have shown interest, intending to purchase $125m worth of shares, or 32% of the deal. At the proposed price range's midpoint, Flowco Holdings would achieve a fully diluted market value of $1.9bn.
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