Fairmount Santrol priced its IPO of 25 million common shares at $16 each, the company said Oct. 3.
The shares will begin trading on the New York Stock Exchange under the ticker “FMSA,” the company added.
Underwriters were given a monthlong option to purchase about 3.8 million additional shares, Fairmount said.
The offer is scheduled to close Oct. 8, the company noted.
Morgan Stanley & Co. LLC,
Chesterland, Ohio-based Fairmount Santrol provides sand and sand-based products to oil and gas companies worldwide.
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