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Oil and gas E&P Riley Exploration Permian sets terms for $100 million IPO


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Riley Exploration Permian, an oil and gas E&P focused on fracking in the Permian Basin, announced terms for its IPO on Friday.

The Oklahoma City, OK-based company plans to raise $100 million by offering 6.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Riley Exploration Permian would command a fully diluted market value of $354 million.

Riley Exploration Permian was founded in 2016 and booked $58 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol REPX. SunTrust Robinson Humphrey and The Seaport Group are the joint bookrunners on the deal.

The article Oil and gas E&P Riley Exploration Permian sets terms for $100 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.



This article appears in: News Headlines , IPOs



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