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Oil and natural gas E&P RSP Permian files for a $400 million IPO

Posted
11/12/2013 2:56:00 PM
By: Renaissance Capital
Referenced Stocks:

RSP Permian, an oil and natural gas E&P operating in the Permian Basin, filed on Tuesday with the SEC to raise up to $400 million in an initial public offering. The Dallas, TX-based company, which was founded in 2010 and booked $103 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol RSPP. RSP Permian initially filed confidentially on October 8, 2013. Barclays is the only bookrunner listed in the preliminary prospectus. No pricing terms were disclosed.