ProFrac Holding Corp.

ProFrac Holding Corp. (PFHC) priced its initial public offering on May 16, 2022 at $18.00 per share, below its $21.00–$24.00 range, raising $288M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.52B. J.P. Morgan was lead-left underwriter, joined by Piper Sandler, Morgan Stanley and BofA Securities and others. Latham & Watkins advised the underwriters.

ProFrac Holding Corp. is a vertically integrated energy services company founded in 2016 that provides hydraulic fracturing, completion services and related products to oil and gas exploration and production companies in North American unconventional resources.

Status

IPO

Ticker

PFHC

Exchange

Nasdaq Global Select

Priced

May 16, 2022

IPO price

$18.00

Price range

$21.00–$24.00

Raised

$288M

Market cap at IPO price

$2.52B

First filed

Nov 22, 2021

Underwriters

J.P. Morgan, Piper Sandler, Morgan Stanley, BofA Securities, Capital One and Stifel

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.