ProPetro Holding, which provides hydraulic fracturing services for the oil and gas industry, filed on Wednesday with the SEC to raise up to $345 million in an initial public offering.
The Midland, TX-based company was founded in 2005 and booked $405 million in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol PUMP. Goldman Sachs, Barclays, Credit Suisse and JP Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
