Sidley represented Flowco Holdings Inc. (Flowco) in its initial public offering of 20,470,000 shares of its Class A common stock a public offering price of US$24.00 per share, including the full exercise by the underwriters of their option to purchase up to an additional 2,670,000 shares of Class A common stock. Flowco’s Class A common stock began trading on the New York Stock Exchange on January 16, 2025 under the ticker symbol “FLOC” and the offering closed on January 17, 2025, making it the first IPO to list on the New York Stock Exchange in 2025.
J.P. Morgan, Jefferies, Piper Sandler, and Evercore ISI acted as lead bookrunning managers for the offering. BMO Capital Markets, Pareto Securities, and TPH&Co., the energy business of Perella Weinberg Partners, acted as joint book-running managers. Fearnley Securities and Pickering Energy Partners acted as co-managers.
The deal team was led by David Buck and John Stribling, and included Tanner Groce, Amanda Ibrahim, Logan Kiefer, Michelle Nguyen, and Stephen Neilson. The deal team was also assisted by George Vlahakos and Garrett Hughey; Angela Richards, Joel Lifshitz, and Patrick Gray (Tax); Katie Klaben and Yunzhou Wang (Securities Enforcement and Regulatory); Corey Perry and Richard Schneider (Employee Benefits and Executive Compensation); and Heather Palmer (Environmental).
