Vista Proppants and Logistics, which is a leading provider of frac sand solutions in Texas and Oklahoma, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
It plans to list on the Nasdaq under the symbol VPRL. Vista Proppants and Logistics filed confidentially on August 14, 2017. Citi, Credit Suisse and Simmons & Co. are leading the deal. No pricing terms were disclosed.
In the first nine months of 2017 the company, which specializes in frac sand for oil and gas operations and related logistics, had $32 million profit on revenue of $185.8 million, up from net income of $3.4 million on sales of $90 million in the year earlier period.