(Adds details on share sale in paragraph 2 and on U.S. IPO market in paragraph 3)
Jan 15 (Reuters) - Flowco Holdings has raised $427.2 million after pricing its U.S. initial public offering above its targeted range, the oilfield services provider said on Wednesday.
Flowco priced its offering of 17.8 million shares at $24 each. The company had marketed to list its shares in the range of $21 and $23.
Strong equity markets, falling interest rates and hopes of a friendlier regulatory environment for deals under the incoming Trump administration have rejuvenated the U.S. IPO market.
Donald Trump, who takes office as president on Monday, has also promised to maximize U.S. oil and natural gas production, which is already at record highs, in part by clearing away what he deems as unnecessary regulation and bureaucracy.
(Reporting by Pritam Biswas in Bengaluru; Editing by Devika Syamnath)
((Pritam.Biswas@thomsonreuters.com;))
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