IPO

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Initial Public Offering

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General Info

About the company

  • Name
    Atlas Energy Solutions Inc.
  • Industry
    Oil and Gas
  • Employees
    125
  • Founding year
    2017

Filing Information

  • IPO date
    09.03.2023
  • No. of shares
    18.0 Million
  • Price
    $20.00 - $23.00
  • Exchange
    New York Stock Exchange
  • Bookrunners
    Goldman Sachs, BofA Securities, Piper Sandler, Barclays, Citigroup, Raymond James
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IPO Details

About Atlas Energy Solutions Inc.

Atlas acts as a leading provider of proppant and logistics services to customers engaged in the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active basin in North America.

Atlas’ core mission and key focus are to maximize value for its stockholders by generating strong cash flow and allocating capital resources efficiently, including providing a regular and durable return of capital to investors through industry cycles. In pursuit of this mission, Atlas deploys innovative techniques and technologies to develop its high-quality resource base and efficient delivery of its products to customers through leading-edge solutions.

Ownership Structure

Austin, Texas-based Atlas Energy Solutions Inc. was founded to develop service capabilities to provide proppant to E&P companies in unconventional oil & gas fields in the Permian Basin.

Management is headed by founder, Executive Chairman, and CEO Ben M. “Bud” Brigham, who has been with the firm since its inception in 2017 and was previously the founder of Brigham Resources and Brigham Minerals. Management also intends to create its 'Dune Express', a 'long-haul overland conveyor system to deliver proppant' from its facilities into the Northern Delaware Basin, thereby reducing truck traffic on public roadways and increasing its delivery efficiencies.

As of December 31, 2022, Atlas Energy has booked a fair market value investment of $407 million from investors, including Permian Dunes Holding Company, Gregory M. Shepard, and BlackGold SPV I LP.

IPO Figures

According to BusinessWire, Atlas Energy Solutions Inc. (NYSE: AESI) announced that it has launched an initial public offering of 18,000,000 shares of its Class A common stock at an anticipated initial offering price between $20.00 and $23.00 per share. The IPO date will be the 9th of March.

In addition, Atlas intends to grant the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its Common Stock. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “AESI,” subject to official notice of issuance.

Sources: seekingalpha.com, sec.gov, iposcoop.com, businesswire.com, wikipedia.org, fidelity.com

 

Summary

  • Name
    Atlas Energy Solutions Inc.
  • Industry
    Oil and Gas
  • Employees
    125
  • Founding year
    2017
  • IPO date
    09.03.2023
  • No. of shares
    18.0 Million
  • Price
    $20.00 - $23.00
  • Exchange
    New York Stock Exchange
  • Bookrunners
    Goldman Sachs, BofA Securities, Piper Sandler, Barclays, Citigroup, Raymond James
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Key elements

Find out the most essential numbers for Atlas Energy Solutions Inc IPO

Founded

2017

Expected IPO funding

$414.0 Million

Expected IPO Valuation

$2.0 Billion

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Atlas Energy Solutions Inc

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A closer look at Atlas Energy Solutions Inc IPO
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  • Status: Upcoming
  • IPO Date: 09.03.2023
  • Price: $20.00 - $23.00

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