Renaissance Capital logo

Natural gas producer SandRidge Energy increases shares offered, prices above the range

November 5, 2007
SD

SandRidge Energy, a natural gas producer focused on West Texas, announced the pricing of its IPO on Monday evening. The company offered 28.7 million shares, 10% more than originally planned, at $26 each, 13% above the midpoint of the anticipated $22-$24 range. It also announced that CEO Tom Ward, as expected, purchased 4.17 million shares on the offering. The stock is expected to begin trading on Tuesday on the NYSE under the ticker "SD."