Smart Sand, which produces sand used in hydraulic fracturing, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
The The Woodlands, TX-based company was founded in 2011 and booked $43 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol SND. Credit Suisse and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.
