ProPetro Prices Upsized Offering of 15 Million Shares

MT Newswires Live

01/27

ProPetro Holding (PUMP) said early Tuesday it priced an upsized offering of 15 million shares at $10 each.

The offering represents an upsizing of 2.5 million shares, the company said, adding that net proceeds will be used for general corporate purposes, including funding additional power generation equipment.

The company granted underwriters a 30-day option to purchase up to an additional 2.25 million shares.

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