FTS International, which provides hydraulic fracturing services for the oil and gas industry, filed on Friday with the SEC to raise up to $100 million in an initial public offering, though it could raise as much as $1 billion. It previously filed for a $1.15 billion IPO in 2011, but withdrew the offering in 2012.
The Fort Worth, TX-based company was founded in 2000 and booked $577 million in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol FTSI. FTS International filed confidentially on January 3, 2017. on the deal. No pricing terms were disclosed.
