Every once in awhile, a corporation with a name that sounds like a rap group will cross my desk and I’ll make a mental note of it. I don’t why, but it’s still funny to me. There’s an IPO coming this week with one of the best almost-rap-group names I’ve ever seen.
Here’s MarketBeat with some details on the deal:
Hi-Crush Partners to Begin Trading Next Week
Monocrystalline sand producer Hi-Crush Partners LP is expected to go public next week, with units scheduled to price Wednesday.
The company has said it expects to offer 11.3 million common units between $19 and $21 each in its IPO, which was first filed in July.
Hi-Crush’s reserves consist of sand primarily from Wisconsin–where it is based–and other parts of the upper Midwest U.S. region. It said the demand for its sand, which is used as a “proppant” to enhance recovery rates of hydrocarbons, increased at an annual rate of 28% from 2006 to 2011.
The company plans to list its units on the New York Stock Exchange under the symbol HCLP.
I can’t imagine ever seeing that name and not thinking of the Cold Crush Brothers, lol.
Other companies that sound like rappers include Krispy Kreme, International Flavors and KB Homes.