Overview
- The IPO was priced at $18 per share, raising nearly $198 million at the midpoint of the marketed $17 to $19 range.
- Shares are expected to begin trading on the New York Stock Exchange on February 6 under the ticker OFRM, with closing targeted for February 9 subject to customary conditions.
- The deal totals 10,997,209 shares, with 7,631,537 sold by the company and 3,365,672 by existing holders, plus a 30‑day option for underwriters to buy 1,649,581 additional shares.
- Based on shares outstanding listed in its filings, the pricing implies a market value of about $724.2 million.
- Net proceeds are slated to repay borrowings, purchase equipment, make certain payments tied to the offering, and fund general corporate purposes, with Goldman Sachs and J.P. Morgan leading a broad underwriting syndicate.