Emerge Energy prices IPO at $17, below the range

By Renaissance Capital,

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Emerge Energy Services LP, an LP formed by Insight Equity to produce frac sand and process transmix fuel, raised $128 million by offering 7.5 million shares at $17, below the range of $19 to $21. Emerge Energy Services LP plans to list on the NYSE under the symbol EMES. Citi, BofA Merrill Lynch, J.P. Morgan and Wells Fargo acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: EMES

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