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Natgas producer BKV aims to raise up to $315 mln in US IPO
By Reuters
(Reuters) – Natural gas producer BKV Corporation said on Monday it plans to raise up to $315 million in its initial public offering in the United States.
The Denver, Colorado-based company is offering 15 million shares priced between $19 and $21 each.
Rate cut expectations have encouraged some companies to explore a listing on the public market, but many are still holding out due to the uncertainty over the economy and the U.S. presidential election.
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BKV initially filed to go public in 2022. The company will be listed on the New York Stock Exchange under the symbol “BKV.”
Citigroup and Barclays are the lead book-running managers for the offering.
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