AESI Holdings Inc.

AESI Holdings Inc. (AESI) priced its initial public offering on Mar 10, 2023 at $18.00 per share, below its $20.00–$23.00 range, raising $324M, and listed on NYSE. At the IPO price its market capitalization was about $1.8B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Piper Sandler and RBC Capital Markets and others. Vinson & Elkins advised the company and Latham & Watkins advised the underwriters.

AESI Holdings Inc. provides proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico. It delivers its products to customers using innovative techniques and technologies.

Status

IPO

Ticker

AESI

Exchange

NYSE

Priced

Mar 10, 2023

IPO price

$18.00

Price range

$20.00–$23.00

Raised

$324M

Market cap at IPO price

$1.8B

First filed

Jan 31, 2023

Underwriters

Goldman Sachs, BofA Securities, Piper Sandler, RBC Capital Markets, Barclays, Citigroup, Raymond James, Capital One, Pickering Energy Partners and Drexel Hamilton

Company counsel

Vinson & Elkins

Underwriters' counsel

Latham & Watkins

Sector

Energy, mining & utilities

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.