HomePeak Resources LP (PRB) to launch IPO on October 23

Peak Resources LP (PRB) to launch IPO on 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 [...]

By admin

October 20, 2024

Peak Resources LP reported $48.7 million in revenue and a net loss of $130,000 in the last 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.

For its IPO, Peak Resources LP described itself as an oil and natural gas exploration company in Wyoming’s Powder River Basin. They filed for an IPO on September 16, 2024, planning to offer 4.7 million units priced between $13 and $15 to raise $65.8 million. The estimated IPO proceeds are $86 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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SourceDefenseworld Net