IPO News Archive
Bonanza Creek Energy prices downsized IPO at $17, below the range
Bonanza Creek Energy, a oil and gas E&P operating in southern Arkansas and Colorado, raised $170 million by offering 10,000,000 shares at $17.00, below the range of $20.00 to $22.00. The company had originally planned to sell 14.3 million shares, including 4.8 million from insiders, but removed the insider share component and slightly increased the primary share component. Bonanza Creek Energy plans to list on the NYSE under the symbol BCEI. Morgan Stanley, Credit Suisse acted as lead managers on the deal.