Cactus, Inc. (WHD) Announces 21.4M Share IPO Between $16-$19/Sh

Cactus, Inc. (NYSE: WHD) announced today that it has launched an initial public offering of 21,428,571 shares of its Class A common stock at an anticipated initial offering price between $16.00 and $19.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed previously with the Securities and Exchange Commission (the “SEC”). In addition, Cactus intends to grant the underwriters a 30-day option to purchase up to an additional 3,214,285 shares of Cactus’ Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “WHD”.

Citigroup and Credit Suisse are acting as joint book-running managers. Simmons & Company International, Energy Specialists of Piper Jaffray; J.P. Morgan; and BofA Merrill Lynch are also acting as book-runners. Tudor, Pickering, Holt & Co.; Barclays; RBC Capital Markets; Raymond James; and Scotia Howard Weil are acting as co-managers.

The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:

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