Ranger below the range: Ranger Energy Services prices $85 million IPO at $14.50

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Ranger Energy Services, which provides well services for E&P companies across the US, raised $85 million by offering 5.86 million shares at $14.50, below the range of $16 to $18. It had planned to raise $85 million by offering 5.0 million shares. Ranger Energy Services will list on the NYSE under the symbol RNGR. Credit Suisse, Simmons & Co., Wells Fargo Securities, Barclays and Evercore ISI acted as lead managers on the deal.

The article Ranger below the range: Ranger Energy Services prices $85 million IPO at $14.50 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs
Referenced Symbols: RNGR

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