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Linn Co files for a $1 billion IPO

By Renaissance Capital,  June 25, 2012, 01:48:00 PM EDT

Linn Co filed on Monday with the SEC to raise up to $1 billion in an initial public offering. The company will have no operations and will only own interest in Linn Energy. Linn Co will be taxed as a corporation, which differs from Linn Energy's partnership tax treatment.The offering will serve as a means for Linn Energy to raise more capital.

Linn Energy, an independent oil and natural gas company, went public in 2006 and trades on the NASDAQ under the ticker LINE. Linn Co, a Houston, TX-based company that was founded in 2012, plans to list on the NASDAQ under the symbol LNCO. Barclays is the sole joint bookrunner on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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