PetroShare, an oil and gas E&P operating in Colorado's Denver-Julesburg Basin, refiled on Friday with the SEC to raise up to $50 million in an initial public offering.
The company is currently quoted on the OTCQB Marketplace under the symbol PRHR, and plans to list on the NYSE MKT under the same symbol. PetroShare filed terms for a US IPO in late 2016, aiming to raise $28 million at a market cap of $74 million, but withdrew the offering in November.
The Englewood, CO-based company was founded in 2012 and booked $2 million in sales for the 12 months ended March 31, 2017. Johnson Rice & Co. and The Seaport Group are the joint bookrunners on the deal. No pricing terms were disclosed.
