[Context: Smart Sand, Inc., backed by Clearlake Capital Group, has filed to go public offering 10.6 million shares at a range of $15 to $18, according to an S-1 filing. The company owns frac sand mines and logistics assets in Wisconsin.]
Smart Sand, Inc.
24 Waterway Avenue, Suite 350
The Woodlands, Texas 77380
Public Offering: 10,615,152 Shares Common Stock (This is our initial public offering. We are offering 9,100,000 shares of common stock and the selling stockholders are offering 1,515,152 shares of common stock.)
Price Range: $15.00 to $18.00 per share.
Underwriters: Credit Suisse; Goldman, Sachs & Co.; Jefferies; Simmons & Company International Energy Specialists of Piper Jaffray; Tudor, Pickering, Holt & Co.; Deutsche Bank Securities
Common stock outstanding after offering: 31,638,712 shares.
Shares held by our selling stockholders after offering: 21,009,979 shares (or 19,417,707 shares, if the underwriters exercise in full their option to purchase additional shares).
The selling stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 1,592,273 additional shares of our common stock held by the selling stockholders to cover over-allotments.