IPO: Industrial and oil and gas equipment manufacturer AFG Holdings (AFGL)

AFG Holdings, Inc. (NYSE:AFGL) was founded in 1996 and is headquartered in Houston, Texas, USA, with 1,150 full-time employees. It is a leading OEM, designing and manufacturing highly engineered mission-critical equipment, and provides supplements Consumables, parts and after-sales service companies.

AFG Holdings

AFG Holdings (AFGL):

AFG Holdings Inc. serves customers in global oil and gas and various general industrial end markets. The company has a good record in new technology development and product commercialization, and has decades of experience in cooperation with customers, and can produce the most advanced professional equipment that meets the strict requirements of customers.

AFGlobal Corporation, a subsidiary of AFG Holdings Inc., is a technology and manufacturing expert dedicated to improving customer success worldwide. The company provides technology, service and fully integrated manufacturing capabilities to global customers. AFGlobal combines sophisticated precision engineering with innovation that breaks existing processes.

AFGlobal provides products and services for the oil and gas, general industry, aerospace and power generation industries, providing a wide range of highly engineered and general forged products, as well as after-sales parts and after-sales services. The company is headquartered in Houston, Texas, and provides customers with manufacturing, engineering and technical products and services through more than 20 factories around the world.

In 2016, AFG Holdings completed the acquisition of Managed Pressure Operations, creating the most complete deepwater managed pressure drilling portfolio in the market.

AFG Holdings (AFGL) investment:

AFG Holdings, Inc. (NYSE:AFGL) plans to land on the New York Stock Exchange on 7/19/2018 with an issue price of $15.00-$18.00. It will issue 18.2 million shares and raise no more than 300.3 million US dollars. Goldman Sachs , Credit Suisse , Simmons & Company International, Barclays , Evercore ISI, Wells Fargo Securities , Jefferies , Raymond James and Tudor, Pickering, Holt and other joint underwriting.

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