ProFrac’s Alpine Silica Frac Sand Subsidiary Launching IPO

ProFrac Holding Corp. is an oilfield service company (OFS) providing well-stimulation services, proppants production, and other complementary products and services to oil and gas companies engaged in the exploration and production (E&P) of unconventional oil and natural gas resources throughout the United States. In other words, ProFrac is a fracker-for-hire. The company has its own subsidiary to provide frac sand called Alpine Silica Holding, LLC. Yesterday, ProFrac, a public company, announced its plans to spin the Alpine subsidiary into its own public company with an initial public offering (IPO).

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