FTS International, Inc. Announces Launch of Initial Public Offering

FORT WORTH, Texas–(BUSINESS WIRE)–FTS International, Inc. (“FTSI”) announced today that it has launched
its initial public offering of 15,151,516 shares of its common stock.
The initial public offering price is expected to be between $15.00 and
$18.00 per share. In addition, the Company intends to grant the
underwriters a 30-day option to purchase up to an additional 2,272,727
shares of FTSI’s common stock at the initial public offering price, less
underwriting discounts and commissions. The shares have been authorized
for listing on the New York Stock Exchange under the ticker symbol
“FTSI,” subject to official notice of issuance.

Credit Suisse and Morgan Stanley are acting as the book-running
managers. Wells Fargo Securities; Barclays; Citigroup; and Evercore ISI
are also acting as book-runners. Guggenheim Securities; Simmons &
Company International, Energy Specialists of Piper Jaffray; Tudor,
Pickering, Holt & Co.; and Cowen are acting as co-managers.

The offering is being made only by means of a prospectus. A copy of the
prospectus relating to the offering may be obtained from Credit Suisse
Securities (USA) LLC, Attention: Credit Suisse Prospectus Department,
One Madison Avenue, New York, NY 10010 (telephone: 1 (800) 221-1037 or
email: [email protected]);
or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014.

Important Information

A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The registration statement may
be obtained free of charge at the SEC’s website at www.sec.gov under
“FTS International, Inc.” This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or
jurisdiction.

About FTS International, Inc.

FTS International, Inc. is one of the largest providers of hydraulic
fracturing services in North America. Our services enhance hydrocarbon
flow from oil and natural gas wells drilled by exploration and
production, or E&P, companies in shale and other unconventional resource
formations.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.”
Forward-looking statements include statements regarding the proposed
public offering and other statements identified by words such as
“could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,”
“plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,”
“projects” and similar references to future periods. Forward-looking
statements are based on FTSI’s current expectations and assumptions
regarding capital market conditions, FTSI’s business, the economy and
other future conditions. Because forward-looking statements relate to
the future, by their nature, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict. As a
result, FTSI’s actual results may differ materially from those
contemplated by the forward-looking statements. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include regional, national or global
political, economic, business, competitive, market and regulatory
conditions, including risks regarding when FTSI can complete the
offering, FTSI’s competitive environment and other factors set forth
under “Risk Factors” in the registration statement on Form S-1. Any
forward-looking statement made in this press release speaks only as of
the date on which it is made. FTSI undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result of
new information, future developments or otherwise.

Contacts

FTS International, Inc.
Lance Turner, 817-862-2000
Chief
Financial Officer
[email protected]