Blackstone-backed natural gas E&P Vine Resources withdraws $500 million IPO

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Vine Resources, a Blackstone-backed natural gas E&P operating in Louisiana's Haynesville Basin, withdrew its plans for an initial public offering on Tuesday. It originally filed in April 2017 with a proposed deal size of $500 million.

The Plano, TX-based company was founded in 2014 and booked $441 million in sales for the 12 months ended December 31, 2017. It had planned to list on the NYSE under the symbol VRI. Credit Suisse, Morgan Stanley, Barclays, Citi and HSBC Corporation were set to be the joint bookrunners on the deal.

The article Blackstone-backed natural gas E&P Vine Resources withdraws $500 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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

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