Solaris Oilfield Infrastructure, which rents proppant management equipment used in hydraulic fracturing, added nine underwriters in an amendment filed with the SEC on Thursday. It originally filed for an IPO in March 2017 with a proposed deal size of $100 million. In the filing, Solaris also disclosed a portion of the proceeds will be distributed to existing shareholders, including management.
Solaris Oilfield Infrastructure was founded in 2014 and booked $18 million in sales for the 12 months ended December 31, 2016. The Houston, TX-based company plans to list on the NYSE under the symbol SOI. Credit Suisse, Goldman Sachs, Morgan Stanley, Evercore ISI and Wells Fargo Securities are the joint bookrunners on the deal.
