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Meet the frackers: 3 oilfield services firms prep US IPOs

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This year's four energy IPOs already match 2016's total, making it the most active sector YTD.

That trend should continue. Three large hydraulic fracturing companies joined the US IPO pipeline in the past week. The largest, FTS International ( FTSI ), has an estimated deal size of $1 billion, and ProPetro ( PUMP ) and Liberty Oilfield Services ( BDFC ) could raise over $300 million. Each is a JOBS Act filer, eligible to price in early March. Fellow fracking company Keane Group ( FRAC ) is up 9% from its January IPO, while oilfield services provider Mammoth Energy ( TUSK ) and frac sand provider Smart Sand (SND) have gained 33% and 70% from their 4Q16 IPOs, respectively.

Three Hydraulic Frackers File, following Keane Group's IPO
IssuerBusiness LTM Sales ($m) Deal Size($m) Top 2Bookrunners
Keane Group ( FRAC ) ; +8.6% from IPO Houston, TX $324 $508 CitiMorgan Stanley
FTS International ( FTSI )Fort Worth, TX $577 $1,000† Credit SuisseMorgan Stanley
ProPetro Holding ( PUMP )Midland, TX $405 $345 Goldman SachsBarclays
Liberty Oilfield Services ( BDFC )Denver, CO $321 $300† Morgan StanleyGoldman Sachs
†Deal Size is RC estimate.

The article Meet the frackers: 3 oilfield services firms prep US IPOs 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.


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

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