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