Mammoth Energy Services (TUSK) IPO Opens Lower

October 14, 2016 10:42 AM EDT
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Today's IPO for Mammoth Energy Services, Inc. (NASDAQ: TUSK) opened for trading at $13.66 after pricing 7,750,000 shares of its common stock at $15, the low end of the expected $15-$18 range.

Credit Suisse Securities (USA) LLC acted as book-running manager for the offering. BarclaysCapital Inc. and Piper Jaffray & Co. acted as joint book-running managers.

Mammoth Energy is an integrated, growth-oriented oilfield service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. Mammoth Energy’s suite of services includes completion and production services, natural sand proppant services, contract land and directional drilling services and remote accommodation services.

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