Solaris Oilfield Infrastructure, Inc., an oilfield service provider, filed the preliminary prospectus with the US Securities and Exchange Commission to issue shares in an initial public offering (IPO) for up to US$100 million.
The company intends to list its shares on the New York Stock Exchange under the ticker symbol “SOI”.
Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are acting as underwriters, while Vinson & Elkins L.L.P. is acting as legal advisor to the company for the offering. The company intends to use the net proceeds from the IPO to repay its credit facilities and for general corporate purposes, including capital expenditures.