Permian hydraulic fracturing player ProPetro has filed for an initial public offering of shares worth up to $345 million, marking the third pressure pumping company to signal plans to go public in the past year.
Privately held ProPetro was founded by chief executive Dale Redman in 2005 in Midland, Texas in the heart of the Permian basin.
The company posted revenues of $273 million and a net loss of $35.8
