Smart Sand IPO Info
Company Name: Smart Sand
Stock Symbol: SND
Exchange: NASDAQ
Status: Priced
IPO Date: 11/4/2016
IPO Price:
11.00 (
50.45%)
Underwriters
Amount of Offering: N/A
Number of Shares Offered: 11.7 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Smart Sand, Inc. is a pure-play, low-cost producer of high-quality Northern White raw frac sand, which is a preferred proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. Northern White raw frac sand, which is found predominantly in Wisconsin and limited portions of Minnesota and Illinois, is highly valued by oil and natural gas producers as a preferred proppant due to its favorable physical characteristics.
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