Emerge Energy Services, an Insight Equity-backed sand and fuel processor, priced its IPO of 7.5 million shares at $17 per share, raising $127.5 million. The company's shares now trade on the NYSE under the symbol EMES. Emerge mines and processes frac sand used in the hydraulic fracturing of oil and natural gas wells. The company plans to use its net proceeds from the offering partly to repay indebtedness and make a distribution to existing equity holders. EMES shares closed at $16.55 on their first day of trading.