PE-Backed Fracker, 2 Retailers File IPOs Totaling $350M

Law360, New York (February 13, 2017, 3:50 PM EST) -- Two retailers and a fracking services company serving the oil and gas industry, all private-equity-backed, filed three initial public offerings late Friday with preliminary estimates totaling $350 million, bolstering the IPO pipeline.

Hydraulic fracturing company FTS International Inc., advised by Jones Day, submitted a filing that calls for raising $100 million, a figure that can be increased once final terms are set. No pricing details were disclosed in FTS' offering or any of the initial filings made public Friday. 

Dallas-based FTS said proceeds will be used to repay debt and fund future expansion. The company calls itself among the largest providers...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!