Oil services provider Flowco is seeking a valuation of up to $2 billion in its US IPO

Flowco Holdings, a provider of oilfield services in the United States said on Tuesday that it was seeking a valuation up to $2 billion for its initial public offer in the United States. The company is hoping to take advantage of last year's capital markets rebound.

The company announced that it would sell 17,8 million shares in a range between $21 and $23 per share. If priced at the top limit, this could fetch up to $409,4 million.

After nearly three years without large deals, the U.S. IPO Market experienced a revival last year as investors' sentiment improved and equity markets near record highs fueled renewed activity.

Investors anticipate a continued increase in U.S. initial public offerings in 2025. This is due to a strong equities sector and the expectation of business-friendly policies by the new Trump administration.

Houston-based company specializes in improving the extraction rate of oil from wells.

Flowco's shares will be listed on the New York Stock Exchange with the symbol "FLOC".

J.P. Morgan is the lead underwriter of the offering. Jefferies, Piper Sandler and Piper are also major underwriters. (Reporting and editing by Vijay Kishore in Bengaluru, Jaiveer Shekhawat from Bengaluru)

(source: Reuters)