Kodiak Gas Services, Inc.

Kodiak Gas Services, Inc. (KGS) priced its initial public offering on Jun 30, 2023 at $16.00 per share, raising $256M, and listed on NYSE. At the IPO price its market capitalization was about $1.2B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and BofA Securities and others. Kirkland & Ellis advised the company and Latham & Watkins advised the underwriters.

Kodiak Gas Services, Inc. operates contract compression infrastructure in the United States, supporting customers' natural gas and oil production. It is a market leader in the Permian Basin and runs large horsepower compression units under fixed-revenue contracts with upstream and midstream customers.

Status

IPO

Ticker

KGS

Exchange

NYSE

Priced

Jun 30, 2023

IPO price

$16.00

Raised

$256M

Market cap at IPO price

$1.2B

First filed

Mar 31, 2023

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, BofA Securities, Raymond James, RBC Capital Markets, Stifel, Truist, Fifth Third, Regions, Guzman & Company R. Seelaus and Siebert Williams Shank

Company counsel

Kirkland & Ellis

Underwriters' counsel

Latham & Watkins

Sector

Energy, mining & utilities

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.