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ProFrac Holding Priced, Nasdaq: PFHC

Provides hydraulic fracturing and completion services to upstream E&Ps in North America.

Industry: Energy

Latest Trade: $17.33 0.00 (0.0%)

First Day Return: +0.6%

Return from IPO: -3.7%

Industry: Energy

We are a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production (“E&P”) of North American unconventional oil and natural gas resources. Founded in 2016, ProFrac was built to be the go-to service provider for E&P companies’ most demanding hydraulic fracturing needs. We are focused on employing new technologies to significantly reduce “greenhouse gas” (“GHG”) emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. We believe the technical and operational capabilities of our fleets ideally position us to capture increased demand resulting from the market recovery and our customers’ shifting preferences favoring the sustainable development of natural resources. Our operations are primarily focused in the Appalachian, East Texas/Louisiana and Permian Basins, where we have cultivated deep and longstanding customer relationships with some of those regions’ most active E&P companies. We operate in three business segments: stimulation services, manufacturing and proppant production.
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IPO News for ProFrac Holding
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IPO Data
IPO File Date 11/22/2021
Offer Price $18.00
Price Range $21.00 - $24.00
Offer Shares (mm) 16.0
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/12/2022
Offer Price $18.00
Price Range $21.00 - $24.00
Offer Shares (mm) 16.0
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Willow Park, TX
Founded 2016
Employees 2,522
Website www.profrac.com