Austin, Texas-based Atlas Energy Solutions Inc. launched an IPO of 18 million Class A common stock shares, the company announced in a press release on Feb. 28.

The shares will sell at an anticipated initial offering price of $20/share to $23/share pursuant to a registration statement on a previously filed Securities and Exchange Commission Form S-1 registration statement.

The company is also allowing underwriters the option to purchase up to 2.7 million additional common stock shares, listed under the ticker symbol "AESI" on the New York Stock Exchange, for a 30-day period.

Goldman Sachs & Co., BofA Securities and Piper Sandler are lead book-running managers, while RBC Capital Markets, Barclays and Citigroup are passive book-running managers for the offering.

Raymond James, Johnson Rice & Co. LLC Stephens Inc., Capital One Securities, Pickering Energy Partners and Drexel Hamilton are acing as additional co-managers for the offering.