Kodiak Gas compression services provider files for 100M IPO KGS

Kodiak Gas compression services provider files for 100M IPO KGS
Kodiak Gas Services (KGS), a provider of contract compression services for the oil and gas industry, has filed to raise around $100M through an initial public offering amid news that OPEC plans to cut production. Kodiak didn’t specify in its filing how many shares it intends to offer or the price, but indicated in its filing fee schedule that it was looking to raise $100M, a number that is likely a placeholder and subject to change, according to the filing. According to Renaissance Capital, the firm could seek to raise up to $350M. Lead bookrunners on the deal are Goldman…

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