ProPetro Leads parade of oilfield services

摘要

The "IPO discount", typically 10%-15%, is only valid as long as valuations of the public comparables are stable or rising. When those comparables fall, the discount narrows and the IPO valuation must be revised accordingly. propetro, a Permian Basin-focused oil fracker, weathered a revaluation across oilfield services in accepting a below-target pricing on its US$350m IPO.