Liberto, Inc. (LBRT) Announces 10.72M Share IPO Between $14-16/Sh

Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it has launched an initial public offering of 10,714,286 shares of its Class A common stock at an anticipated initial offering price between $14.00 and $16.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Liberty and the selling shareholder intend to grant the underwriters a 30-day option to purchase up to an additional 1,607,143 shares of Liberty’s Class A 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 “LBRT,” subject to official notice of issuance.

Morgan Stanley, Goldman Sachs & Co. LLC, Wells Fargo Securities, Citigroup, J.P. Morgan and Evercore ISI are acting as joint book-running managers for the proposed offering.

The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:

Morgan StanleyAttention: Prospectus Department180 Varick Street, 2nd FloorNew York, NY 10014

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