The recent volatility in the oil and gas market hit oilfield services providers hard. In 2015 and 2016, many were burdened with significant debt and selling their services at a discount just to survive. Now, less than a year after that dark period, oilfield services providers are driving IPO activity in the energy sector. What many oilfield services providers learn in exploring the IPO idea is that they simply aren’t prepared to make the leap.
This article identifies six primary infrastructure elements pre-public companies must address on their journey to IPO readiness.