Atlas Energy Solutions (AESI) IPO opens 3% lower

Today's IPO for Atlas Energy Solutions Inc. (NYSE: AESI) opened for trading at $17.50 per share after pricing 18 million shares at $18 per share.

Goldman Sachs & Co. LLC, BofA Securities and Piper Sandler acted as lead book-running managers for the offering. RBC Capital Markets, Barclays, and Citigroup acted as book-running managers. Raymond James, Johnson Rice & Company L.L.C., Stephens Inc., Capital One Securities, Pickering Energy Partners and Drexel Hamilton acted as co-managers for the offering.

Atlas is a leading provider of proppant and logistics services. Their expertise is focused on serving clients within the highly active Permian Basin of West Texas and New Mexico.

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