Oil-Service IPOs Blow Past Explorers as Industry Charts Recovery


An improving oil and gas industry has turned the market for energy initial public offerings upside down.

Oil-service providers are at the top of IPO rankings in 2017, elbowing aside exploration-and-production companies for the first time in at least a decade. Those companies had made up the majority of annual energy listings for the 10 years through 2016, according to data compiled by Bloomberg.

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