Liberty Oilfield Services, which provides hydraulic fracturing services for the oil and gas industry, postponed its IPO on Thursday. It had filed to raise $250 million by offering 20 million shares at a price range of $12 to $13.
The Denver, CO-based company was founded in 2011 and booked $375 million in sales for the 12 months ended December 31, 2016. It had planned to list on the NYSE under the symbol BDFC. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Citi, J.P. Morgan and Evercore ISI were set to be the joint bookrunners on the deal.
