Sunday, October 20, 2024
HomePeak Resources LP (PRB) sets IPO date for October 23

Peak Resources LP (PRB) sets IPO date for October 23

Peak Resources LP (PRB) plans to raise $66 million in an initial public offering (IPO) on Wednesday, October 23rd, IPO Scoop reports. The company plans to issue 4,700,000 shares at $13.00-$15.00 per share. In the last twelve months, Peak Resources LP generated $48.7 million in revenue and had a net loss of $130,000. Peak Resources [...]

Peak Resources LP made $48.7 million in revenue but had a net loss of $130,000 over the past year. The company’s market cap is $203.7 million.

Janney Montgomery Scott, Roth Capital, and Texas Capital Securities were the underwriters for the IPO, with Seaport Global as co-manager.

Peak Resources LP, based in the Powder River Basin of Wyoming, is an oil and natural gas exploration and production company incorporated in Delaware. As of Oct. 15, 2024, they plan to offer 4.7 million units priced between $13.00 and $15.00 to raise $65.8 million. Their estimated IPO proceeds are about $86.0 million. They filed for the IPO on Sept. 16, 2024.

Founded in 2011, the company is located at 1910 Main Avenue, Durango, Colorado 81301, and can be contacted at (970) 247-1500.

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