Innovex Downhole Solutions Announces IPO

Innovex Downhole Solutions (INVX) has filed for an initial public offering.

The company describes itself as: “Innovex designs, manufactures, sells and leases mission-critical engineered products for the oil and gas industry. Our vision is to bring best-in-class to our investors through organic innovation, customer alliances and disciplined acquisitions Returns. We perform critical well functions and we believe they were selected for their reliability and ability to save customers time and reduce costs throughout the life of the well. The majority of 2022 revenue will be generated by our product lines based on Considering the total value potential of “TAM” (total addressable market), we believe these product lines hold a top three competitive position in key markets. I estimate the TAM (as defined here) of our current products in the market ) of approximately $2.0 billion by 2022 and approximately $1.6 billion by 2021. Our presence in international and overseas markets (as defined herein) continues to expand and we expect that by 2022, the TAM of our current products in these regions Approximately $2.2 billion in 2021 and approximately $2.0 billion in 2021. Please see our Business Organic Growth Strategy for a description of how we calculate TAM. Many of our products can be used on most of our customers’ wells around the world, Our state-of-the-art products provide critical solutions for the world’s most complex and difficult oil wells. We have a strong track record of developing proprietary products to meet changing customer needs, and we maintain a pipeline of potential new products through every stage of development. Active pipeline of products. Our business is high-margin and low-capital, which allows us to achieve high returns on invested capital. We have strong discipline in sourcing and successfully integrating strategic acquisitions. ”

Goldman Sachs & Co. (NYSE: ). LLC, Piper Sandler and JP Morgan will serve as lead underwriters.