WEIGF - AFGlobal Starts U.S. IPO Effort
Quick Take
AFGlobal (AFGL) intends to raise $100 million in a U.S. IPO of its common stock, according to an SEC registration statement.
The firm manufactures a wide range of drilling equipment for sale to oil & gas service providers and industrial customers worldwide.
AFGL’s focus on the growing U.S. fracking market and in providing customers with ongoing aftermarket services for recurring revenues is an innovative strategy.
When we learn more details about the IPO, I’ll provide an update.
Company & Technology
Houston, Texas-based AFGlobal was founded in 1996 to operate as