[Context: On January 2, Riverstone-backed Liberty Oilfield Services announced the re-launch of its IPO. In April 2017, the company had previously attempted a public offering before pulling back. Further details and related links are below.]

Riverstone Liberty Oilfield Services

Liberty Oilfield Services Inc. Announces Launch of Initial Public Offering

DENVER–January 02–(BUSINESS WIRE)–Liberty Oilfield Services Inc. (NYSE: LBRT) (“Liberty”) announced today that it has launched an initial public offering of 10,714,286 shares of its Class A common stock at an anticipated initial offering price between $14.00 and $16.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) previously filed with the Securities and Exchange Commission (the “SEC”).

In addition, Liberty and the selling shareholder intend to grant the underwriters a 30-day option to purchase up to an additional 1,607,143 shares of Liberty’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “LBRT,” subject to official notice of issuance.

Morgan Stanley, Goldman Sachs & Co. LLC, Wells Fargo Securities, Citigroup, J.P. Morgan and Evercore ISI are acting as joint book-running managers for the proposed offering.
The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:

Morgan Stanley
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
Email: prospectus-ny@ny.email.gs.com

Wells Fargo Securities
c/o Equity Syndicate Department
375 Park Avenue
New York, NY 10152
Telephone: 1-800-326-5897
Email: cmclientsupport@wellsfargo.com

Important Information
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Liberty Oilfield Services Inc.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Liberty Oilfield Services Inc.
Liberty Oilfield Services Inc. is an independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America.