other material
confidence high
sentiment positive
materiality 0.85
ProPetro prices 15M-share offering at $10.00; underwriters exercise all 2.25M-share option; net proceeds ~$163M
ProPetro Holding Corp.
- Offering of 15M shares at $10.00 per share, upsized from 12.5M shares originally proposed.
- Underwriters fully exercise 30-day option for additional 2.25M shares at same price.
- Expected net proceeds: ~$141.9M from initial offering, plus ~$21.4M from option exercise, total ~$163.3M.
- Proceeds to fund growth capital for additional power generation equipment.
- Goldman Sachs & Co. LLC leads book-running; offering closes Jan 28, 2026.