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Cool under pressure: Fracker FTS International prices IPO at $18, the high end of the range


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FTS International, a vertically integrated provider of hydraulic fracturing for the oil and gas industry, raised $351 million by offering 19.5 million shares at $18, the high end of the range of $15 to $18. FTS International plans to list on the NYSE under the symbol FTSI. Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays, Citi and Evercore ISI acted as lead managers on the deal.

The article Cool under pressure: Fracker FTS International prices IPO at $18, the high end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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



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