Kodiak Gas Services (KGS) , a natural gas compression company, priced 16 million shares at $16, below the price talk of $19-$22. That was not only below the price talk of $16-$19, but the 15 million shares offered were below the projections of 17 million shares. The IPO market is reopening, but cautiously All three serve different investor bases, each with its own outlook, Santosh Rao at Manhattan Venture Partners told me. The simple fact that all three deals got done is a sign the IPO market is reopening after being largely closed for 18 months. The IPO market is reopening, but with a strong reality check from the customers.

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Persons: It's, Santosh Rao, Fidelis, Sellers, IPOs What's Organizations: NYSE, Kodiak Gas Services, Fidelis Insurance, Manhattan Venture Partners, Labor, Foods, ARM Locations: U.S