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

August 10, 2017
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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.