Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Hazloc Heaters
Copper Tip Energy


Pearl Energy-Backed Infinity Natural Resources Raises $265 Mln in US IPO


These translations are done via Google Translate
Private equity-backed oil and natural gas producer Infinity Natural Resources on Thursday raised $265 million in its initial public offering in the United States.

The company, backed by buyout firms Pearl Energy Investments and NGP, sold 13.5 million shares at $20, within marketed range of $18 and $21.

Energy has been a major theme in the IPO market so far this year as companies increasingly look to tap into investor fervor towards the industry.

ROO.AI Oil and Gas Field Service Software
GLJ
Tarco | Delivering Engineered Solutions

Infinity, which tapped 14 banks for the IPO, is expected to begin trading on the New York Stock Exchange under the symbol “INR” on Friday.

(Reporting by Arasu Kannagi Basil and Jaiveer Singh Shekhawat in Bengaluru; Editing by Maju Samuel)



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE