FTS International Files $1.15B IPO

September 9, 2011 12:40 PM EDT
FTS International, Inc., filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $1.15 billion. FTS International plans to list on the New York Stock Exchange, but has not chosen a ticker as of the recent filing.

The offering is being made through BofA Merrill Lynch, Goldman, Sachs & Co., Citigroup, and Credit Suisse.

FTS International, or Frac Tech International, is an independent provider of oil and natural gas well stimulation services with expertise in high-pressure hydraulic fracturing.


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