[Context:On January 23, Temasek and RRJ Capital-backed FTS International announced the launch of its IPO of 15.1 million shares in a range of $15 to $18 per share. Further details and related links are below.]


FTS International | Temasek | RRJ Capital

FTS International, Inc. Announces Launch of Initial Public Offering

FORT WORTH, Texas-January 23, 2018-(BUSINESS WIRE)–FTS International, Inc. (“FTSI”) announced today that it has launched its initial public offering of 15,151,516 shares of its common stock. The initial public offering price is expected to be between $15.00 and $18.00 per share. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 2,272,727 shares of FTSI’s 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 “FTSI,” subject to official notice of issuance.

Credit Suisse and Morgan Stanley are acting as the book-running managers. Wells Fargo Securities; Barclays; Citigroup; and Evercore ISI are also acting as book-runners. Guggenheim Securities; Simmons & Company International, Energy Specialists of Piper Jaffray; Tudor, Pickering, Holt & Co.; and Cowen are acting as co-managers.

The offering is being made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010 (telephone: 1 (800) 221-1037 or email: newyork.prospectus@credit-suisse.com); or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

 

About FTS International, Inc.

FTS International, Inc. is one of the largest providers of hydraulic fracturing services in North America. Our services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production, or E&P, companies in shale and other unconventional resource formations.

 

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