Vista Proppants and Logistics files IPO

Vista Proppants and Logistics Inc. filed initial public offering documents late Friday and is seeking $100 million, a common place holder companies use when initially filing with the Securities and Exchange Commission. In the first nine months of 2017 the company, which specializes in sand for oil and gas operations and related logistics, booked $32 million profit on revenue of $185.8 million, up from net income of $3.4 million on sales of $90 million in the year earlier period. Citigroup, Credit Suisse and Piper Jaffray are leading the deal, according to SEC documents. The company plans to list on Nasdaq under the ticker “VPRL.”

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