Smart Sand Priced, Nasdaq: SND

Mines and processes raw frac sand used in oil and gas drilling.

Industry: Materials

Latest Trade: $9.20 0.00 (0.0%)

First Day Return: -0.1%

Return from IPO: -16.4%

Industry: Materials

We are a pure-play, low-cost producer of high-quality Northern White raw frac sand, which is a preferred proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. We sell our products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market. We believe that the size and favorable geologic characteristics of our sand reserves and the strategic location and logistical advantages of our facilities have positioned us as a highly attractive source of raw frac sand to the oil and natural gas industry.
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IPO News for Smart Sand
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IPO Data
IPO File Date 09/19/2016
Offer Price $11.00
Price Range $15.00 - $18.00
Offer Shares (mm) 11.7
Deal Size ($mm) $129
IPO Data
IPO Date 11/03/2016
Offer Price $11.00
Price Range $15.00 - $18.00
Offer Shares (mm) 11.7
Deal Size ($mm) $129
Underwriters
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Company Data
Headquarters The Woodlands, TX
Founded 2009
Employees 97
Website www.smartsand.com