LIBERTY OILFIELD SERVICES INC. FILES FOR $197 MILLION IPO

Liberty Oilfield Services Inc. is looking to test the markets with an IPO effort to ring in the new year. The Denver-based fracking service company originally filed a $250 million IPO last year but postponed it. On September 19, 2017, Liberty Services and ACQI entered into a five-year $175 million loan and a $250 million credit facility. Goldman Sachs, Morgan Stanley and Wells Fargo Securities, LLC will serve as the lead underwriters on the offering.

Liberty Services is offering 10,714,286 shares of its Class A common stock at a price range between $14 and $16 per share with an option for the underwriters to purchase an additional 1,607,143 shares at the initial public offering price, less discounts and commissions. The company plans to list its shares on the New York Stock Exchange under the ticker symbol “LBRT.”