Kodiak Gas Services Inc. announced Tuesday that it will sell 16,000,000 shares of common stock in an estimated range between $19 and $21 per share at its upcoming initial publicly traded offering on the New York Stock Exchange, under the symbol “KGS”. Kodiak Gas Services Inc. will raise $320 Million at the midpoint of its estimated price range with Goldman Sachs & Co LLC, and J.P. Morgan. After the company goes public, an affiliate of EQT AB EQT -0.65% is expected to own 79% of it. Kodiak’s market cap will be $1.55bn if it has 77.4m shares after its IPO, including the overallotment share sold by underwriters. This is based on a $20 IPO price. Kodiak, a provider in the oil and natural gas industry of compression infrastructure, reported a net profit of $101.43 for 2022. The revenue was $707.9 millions. Kodak’s adjusted net profit for the three-month period ended March 31 was $11.3 million, on revenue of 190.1 million.