Pacific Coast Oil Trust prices upsized IPO at $20

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Pacific Coast Oil Trust, a trust formed to own interests in oil and gas wells in California, raised $370 million by offering 18.5 million shares (originally 17.5 million shares) at $20, within the range of $19 to $21. Pacific Coast Oil Trust plans to list on the NYSE under the symbol ROYT. Barclays Capital, Citi, BofA Merrill Lynch, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities acted as lead underwriters on the deal.

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



This article appears in: Investing , IPOs


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