PetroShare, an oil and gas E&P operating in Colorado's Denver-Julesburg Basin, withdrew its plans for an initial public offering on Wednesday. It originally filed in May 2017 with a proposed deal size of $50 million. This was PetroShare's second IPO attempt, after filing for a Nasdaq listing in August 2016 and withdrawing the following November. The Englewood, CO-based...read more
Three IPOs raised $363 million in the past week. The two biotechs and a Chinese school operator popped an average of 21%, helping raise the year-to-date average to 8.3%. Just one company joined the calendar, micro-cap gunshot detector ShotSpotter (SSTI), and one micro-cap company filed, DJ Basin E&P PetroShare (PRHR). We had expected more...read more
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...read more
PetroShare, an oil and gas E&P operating in Colorado's Denver-Julesburg Basin, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $28 million by offering 6 million shares at a price range of $4.63 to $4.63. The Centennial, CO-based company was founded in 2012 and had planned to list on the NYSE MKT under the symbol PRHR. Roth Capital was...read more
Micro-cap E&P PetroShare withdraws $50 million IPO
PetroShare, an oil and gas E&P operating in Colorado's Denver-Julesburg Basin, withdrew its plans for an initial public offering on Wednesday. It originally filed in May 2017 with a proposed deal size of $50 million. This was PetroShare's second IPO attempt, after filing for a Nasdaq listing in August 2016 and withdrawing the following November. The Englewood, CO-based...read more
US IPO Weekly Recap: 3 deals post double-digit returns
Three IPOs raised $363 million in the past week. The two biotechs and a Chinese school operator popped an average of 21%, helping raise the year-to-date average to 8.3%. Just one company joined the calendar, micro-cap gunshot detector ShotSpotter (SSTI), and one micro-cap company filed, DJ Basin E&P PetroShare (PRHR). We had expected more...read more
PetroShare, a micro-cap E&P, refiles for a $50 million IPO
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...read more
Well run dry: Microcap oil and gas E&P PetroShare withdraws $28 million IPO
PetroShare, an oil and gas E&P operating in Colorado's Denver-Julesburg Basin, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $28 million by offering 6 million shares at a price range of $4.63 to $4.63. The Centennial, CO-based company was founded in 2012 and had planned to list on the NYSE MKT under the symbol PRHR. Roth Capital was...read more