New Source Energy LP sets terms for $80 million IPO

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New Source Energy Partners LP, a New Source Energy-sponsored LP formed to own OK-based oil and gas assets, announced terms for its IPO on Wednesday. The Oklahoma City, OK-based company plans to raise $80 million by offering 4 million shares at a price range of $19 to $21. At the midpoint of the proposed range, New Source Energy Partners LP would command a fully diluted market value of $147 million.

New Source Energy Partners LP, which was founded in 2012 and booked $42 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol NSLP. Baird, Stifel Nicolaus Weisel, BMO Capital Markets and Oppenheimer & Co. are the joint bookrunners on the deal.




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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