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Meet the frackers: 3 oilfield services firms prep US IPOs

FTSI

This year's four energy IPOs already match 2016's total, making it the most active sector YTD.  That trend should continue. Three large hydraulic fracturing companies joined the US IPO pipeline in the past week. The largest, FTS International (FTSI), has an estimated deal size of $1 billion, and ProPetro (PUMP) and...read more

US IPO Weekly Recap: 2 IPOs price down and trade flat

GDS

Two IPOs raised $275 million this week after steep valuation cuts. Both disappointed, finishing Friday at the offer price. They weren't alone: The S&P 500 declined 1.9% during the week, making headlines for its 9-day losing streak. While both companies operate in very different sectors, Smart Sand in energy and GDS Holdings in Chinese Internet...read more

Smart Sand prices IPO at $11, well below the range, and removes insider selling

SND

Smart Sand, which mines and processes raw frac sand used in oil and gas drilling, raised $129 million by offering 11.7 million shares (100% primary) at $11, well below the range of $15 to $18. The company had originally planned to sell 10.6 million (86% primary, 14% from selling shareholders). Smart Sand plans to list on the Nasdaq under the symbol SND. Credit Suisse, Goldman...read more

US IPO Week Ahead: 2 deals feature Chinese data centers and frac sand

GDS

Coming off a busy week for IPOs, only two deals looking to raise $425 million are on the calendar in the week ahead. GDS Holdings (GDS), a leader in the Chinese market for high-performance carrier-netural data centers, is targeting a $1.7 billion market opportunity which is estimated to grow 20%+ moving forward. Smart Sand (SND), a miner...read more