Oil and Gas Equipment | Houston, TX | IPO
AFG, an original equipment manufacturer working mainly with the oil & gas industry, plans to sell 18.2 million shares for between $15 and $18 apiece in its upcoming public offering, according to an SEC filing. A midpoint pricing would raise about $300 million. The company intends to list on the NYSE under the AFGL ticker symbol. AFG's existing backers include The Carlyle Group (39.9% pre-IPO stake) and First Reserve (15.6%).