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Frack is back: Liberty Oilfield Services sets terms for $161 million IPO

January 2, 2018

Liberty Oilfield Services, which provides hydraulic fracturing services for the oil and gas industry, announced terms for its IPO on Tuesday. In its latest filing, Liberty also changed its proposed NYSE ticker from BDFC to LBRT.

The Denver, CO-based company plans to raise $161 million by offering 10.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Liberty Oilfield Services would command a fully diluted market value of $1.7 billion.

Liberty Oilfield Services was founded in 2011 and booked $1.2 billion in sales for the 12 months ended September 30, 2017. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Citi, J.P. Morgan and Evercore ISI are the joint bookrunners on the deal. It is expected to price during the week of January 8, 2018.