Laredo Petroleum (LPI) IPO Trades Higher
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The IPO for Laredo Petroleum Holdings (NYSE: LPI) opened for trading at $17.25 after pricing 17,500,000 shares at $17, below the expected $18-$20 range.
The offering was led by J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, and Wells Fargo Securities.
Laredo Petroleum in an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States. The company's activities are primarily focused in the Wolfberry and deeper horizons of the Permian Basin in West Texas and the Anadarko Granite Wash in the Texas Panhandle and Western Oklahoma, where they have assembled 127,041 net acres and 37,740 net acres, respectively.
The offering was led by J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, and Wells Fargo Securities.
Laredo Petroleum in an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States. The company's activities are primarily focused in the Wolfberry and deeper horizons of the Permian Basin in West Texas and the Anadarko Granite Wash in the Texas Panhandle and Western Oklahoma, where they have assembled 127,041 net acres and 37,740 net acres, respectively.
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