OH Frack Sand Co Going Public, Seeks Big $ in IPO

An Ohio-based frack sand company, Fairmount Santrol (formerly Fairmount Minerals), recently announced their intention to go public and sell shares of stock. Flying under the legal name FMSA Holdings, the company is headquartered in Chesterland (Geauga County), OH, in the northeastern corner of the state. Fairmount Santrol was founded in 1986 and last year reported $1.2 billion in revenue (or $1.6 billion, depending on the source you use) and $114 million in net income. How much money do they hope to raise?…

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