Cactus Inc.

Description

Priced an underwritten secondary offering of 5.5 million shares of its Class A common stock by certain selling stockholders. Underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of stock at the public offering price, less underwriting discounts and commissions. Cactus will not receive any of the proceeds from the sale of stock. BofA Securities, Citigroup, Credit Suisse and Morgan Stanley are joint book-running managers. Barclays, J.P. Morgan, Tudor, Pickering, Holt & Co., Johnson Rice & Co. LLC and Stephens Inc. are co-managers.

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Companies
Estimated Price
$173.3MM
Financing Type
Report Date