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Atlas Energy Solutions

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general_info_on Atlas Energy Solutions Inc

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name

Atlas Energy Solutions Inc

industry

Oil and Gas

employees

125

founding_year

2017

ticker

AESI

filing_information

ipo_file_date

09/03/2023

nr_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

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

ticker

AESI

price

$20.00 - $23.00

exchange

New York Stock Exchange

bookrunners

Goldman Sachs, BofA Securities, Piper Sandler, Barclays, Citigroup, Raymond James

key_points

ipo_quick_overview Atlas Energy Solutions Inc ipoAtlas Energy Solutions Inc

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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status

ipo_status_available

ipo_date

09/03/2023

price

$20.00 - $23.00

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