Oil & gas company Jones Energy sets terms for $252 million IPO

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Jones Energy, an oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in Texas and Oklahoma, announced terms for its IPO on Thursday. The Austin, TX-based company plans to raise $252 million by offering 14 million shares at a price range of $17 to $19. At the midpoint of the proposed range, Jones Energy would command a market value of $915 million.

Jones Energy, which was founded in 2013 and booked $162 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol JONE. Jones Energy initially filed confidentially on March 29, 2013. J.P. Morgan, Barclays and Wells Fargo Securities 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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