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Saturday, August 11, 2012

Hi-Crush Partner ipo stock prices range

Hi-Crush Partner ipo stock prices range, Hi-Crush Partner ipo symbol HCLP, Monocrystalline sand producer Hi-Crush Partners LP is expected to go public next week, with units scheduled to price Wednesday.

Hi-Crush Partners LP, which was founded in 2012 and booked $55 million in sales for the 12 months ended June 30, 2012, plans to list on the NYSE under the symbol HCLP. Barclays, Morgan Stanley, Credit Suisse and UBS Investment Bank are the joint bookrunners on the deal

The company has said it expects to offer 11.3 million common units between $19 and $21 each in its IPO, which was first filed in July. Hi-Crush's reserves consist of sand primarily from Wisconsin--where it is based--and other parts of the upper Midwest U.S. region. It said the demand for its sand, which is used as a "proppant" to enhance recovery rates of hydrocarbons, increased at an annual rate of 28% from 2006 to 2011.

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