Friday may be be the first time that two Oklahoma City-based companies go public on the same day on the New York Stock Exchange.
Both Enable Midstream Partners LP and Paycom Software Inc. plan to raise a combined $626 million through initial public offerings that are expected to begin trading Friday, according to regulatory filings.
Officials from the New York Stock Exchange confirmed Tuesday that as far as the exchange’s records show, this was the first instance that could be found of two Oklahoma City-based companies going public on the same day.
However, two Tulsa-based companies, Laredo Petroleum Holdings and Mid-Con Energy Partners, which has corporate offices in Dallas and Tulsa, went public on the same day — Dec. 15, 2011 — Laredo on the New York Stock Exchange and Mid-Con on Nasdaq.
The New York Stock Exchange could not confirm the timing of the Paycom and Enable Midstream’s IPOs, but both stocks are set to be priced Thursday night, according to filings. The U.S. Securities and Exchange Commission predicts shares for both companies will hit the market Friday.
It is pleasing to Roy Williams, president and chairman of the Greater Oklahoma City Chamber, that Paycom is a technology-based company and that Enable’s focus on energy infrastructure, including pipelines and processing plants, is somewhat different than some of the larger oil and gas exploration companies that are based in Oklahoma City. The ventures speak to the growing diversity in Oklahoma City’s economy, he said.