Forum Energy Technologies Inc.
Priced a public offering of 7 million common shares at $21.50 each. Net proceeds will support acquisitions and general corporate purposes, and Forum will not receive any of the proceeds received by selling stockholders SCF Partners and Tinicum. Shares were offered alongside certain funds affiliated with selling stockholders. Of the 7 million, 3.5 million shares are being offered by the selling stockholders, and 3.5 million are being offered by Forum. Underwriters granted a 30-day option to purchase 525,000 additional shares and 525,000 common shares, respectively. Goldman Sachs & Co. and Wells Fargo Securities are joint book-runners.