India, March 20 -- Shares of Flowco Holdings Inc. (FLOC) are moving down about 9 percent on Friday morning trading following the announcement of pricing of an underwritten public offering by certain affiliates of GEC Advisors LLC of 7.8 million shares at $22.00 per share.
The company's stock is currently trading at $22.05, down 9.81 percent or $2.38, over the previous close of $24.45 on the New York Stock Exchange. It has traded between $14.03 and $26.54 in the past one year.
Additionally, a 30-day option has been granted to underwriters to purchase up to an additional aggregate 1.170 million shares at the public offering price, less underwriting discounts and commissions.
Published by HT Digital Content Services with permission from RTT...