HOUSTON–(BUSINESS WIRE)–AFG Holdings, Inc. (NYSE: AFGL) announced today that it has commenced an initial public offering of 18,200,000 shares of its common stock at an anticipated initial offering price between $15.00 and $18.00 per share pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. Of the 18,200,000 shares of AFG’s common stock being sold in the offering, AFG is offering 5,600,000 shares and the selling stockholders named in the Registration Statement are offering 12,600,000 shares. In connection with the offering, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 2,730,000 shares of common stock. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “AFGL,” subject to official notice of issuance.

About AFGlobal

AFGlobal is an original equipment manufacturer that designs and manufactures highly-engineered, mission critical equipment and provides complementary consumable products, parts and aftermarket services to a diverse range of customers in the global oil and gas and general industrial end markets. AFGlobal was founded in 1996 and is headquartered in Houston, Texas.