EXCO Resources, an independent producer of natural gas and oil in Appalachia, Texas and the Rockies, priced its IPO of 50 million shares at $13, the high end of its proposed $11 to $13 price range, on Wednesday night. JP Morgan, Bear Stearns and Goldman Sachs were the lead underwriters on the deal. The stock is expected to begin trading on the NYSE under the ticker XCO on Thursday.
