ProFrac Holding Corp (PFHC) Prices 16M Share IPO at $18/sh

ProFrac Holding Corp. (NASDAQ: PFHC) announced today the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at $18.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "PFHC" on May 13, 2022. In addition, ProFrac granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of its Class A common stock. The offering is expected to close on May 17, 2022, subject to customary closing conditions.

ProFrac intends to use approximately $273.4 million of net proceeds from the offering, or $313.8 million if the underwriters exercise their option to purchase additional shares in full, as described in the prospectus for the offering, including to repay certain outstanding indebtedness and for general corporate purposes.

J.P. Morgan, Piper Sandler and Morgan Stanley are acting as lead book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the prospectus may be obtained from:

J.P. Morgan Securities LLCAttention: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Telephone: (866) 803-9204[email protected]

Piper Sandler & Co.Attention: Prospectus Department800 Nicollet Mall, J12S03Minneapolis, MN 55402Telephone: 800-747-3924[email protected]

Morgan Stanley & Co. LLCAttention: Prospectus Department180 Varick Street, 2nd FloorNew York, NY 10014

You May Also Be Interested In

• Rubrik IPO: 5 key things to know
• Brilliance Group (KHIW) Files for 2.5M Share IPO at $4-$4.50/sh
• Ibotta (IBTA) starts trading at $118, price IPO at $88