Smart Sand Inc. launched an initial public offering of 11.7 million shares at $11 each, substantially below the contemplated $15-$18 price range it had announced last month. The number of shares for sale, however, rose from early thoughts of 9.1 million. Credit Suisse, Goldman Sachs, Jefferies, Simmons, Tudor Pickering Holt and Deutsche Bank underwrote.Based in The Woodlands, Texas, Smart Sand is backed by private equity group Clearlake Capital Group. The company controls one active......
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