HomePeak Resources LP (PRB) to launch IPO on October 2

Peak Resources LP (PRB) to launch IPO on October 2

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 [...]

By admin

October 20, 2024

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

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

Peak Resources LP, which explores and produces oil and natural gas in Wyoming’s Powder River Basin, provided this info for its IPO: They�re offering 4.7 million units priced between $13.00 and $15.00 to raise $65.8 million. Their IPO was filed on September 16, 2024, with estimated proceeds of $86.0 million.

Founded in 2011, Peak Resources LP is located at 1910 Main Avenue, Durango, Colorado 81301. You can contact them at (970) 247-1500.

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