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...

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