Smart Sand, which mines and processes raw frac sand used in oil and gas drilling, raised $129 million by offering 11.7 million shares (100% primary) at $11, well below the range of $15 to $18. The company had originally planned to sell 10.6 million (86% primary, 14% from selling shareholders). Smart Sand plans to list on the Nasdaq under the symbol SND. Credit Suisse, Goldman Sachs, Jefferies, Simmons & Co., Tudor, Pickering, Holt & Co. and Deutsche Bank acted as lead managers on the deal.
