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Oil and gas fracking provider ProFrac files for IPO

By Val Kennedy ,
Oil and gas fracking provider ProFrac (PFHC) has filed to conduct an initial public offering.
The company said in an amended filing that it plans to list its shares on Nasdaq under the symbol PFHC. Size and pricing of the deal were not disclosed.
JP Morgan, Piper Sandler and Morgan Stanley are serving as bookrunners.
Based in Texas, ProFrac provides hydraulic fracturing services to oil and gas companies engaged in exploration and production. The company primarily operates in Texas, Louisiana, Oklahoma and in the Uinta and Appalachian mountain regions.
Earlier this month, ProFrac acquired fellow fracking provider FTS International in a deal...