Peak Resources LP, a US oil and natural gas producer operating in the Powder Ridge Basin, withdrew its plans for an initial public offering on Friday. It originally filed in September 2024, setting terms the following month to raise $66 million by offering 4.7 million shares at a price range of $13 to $15. After delaying pricing, the deal was postponed.
The Durango, CO-based company was founded in 2011 and booked $49 million in revenue for the 12 months ended June 30, 2024. It had planned to list on the NYSE American under the symbol PRB. Janney Montgomery Scott, Roth Capital, and TCBI Securities were set to be the joint bookrunners on the deal.
