Emerge Energy sets terms for $150 million IPO

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Emerge Energy Services, an LP formed by Insight Equity to own, operate, and acquire diversified energy service assets, announced terms for its IPO on Tuesday. The Southlake, TX-based company plans to raise $150 million by offering 7.5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Emerge Energy would command a market value of $464 million.

Emerge Energy Services, LP, which was founded in 2012 and booked $957 million in sales for the 2012 fiscal year, plans to list on the NYSE under the symbol EMES. The company filed confidentially on 11/21/2012. Citi, BofA Merrill Lynch, J.P. Morgan and Wells Fargo are the joint bookrunners on the deal.



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



This article appears in: News Headlines , IPOs

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