Northern Blizzard launches $500 mln IPO, secondary offering
Northern Blizzard Resources Inc, a portfolio company of U.S. private equity firms NGP Energy Capital Management and Riverstone Holdings, has confirmed earlier reports of a planned initial public offering (IPO). The company has filed an IPO of 18.4 million common shares and a secondary offering of 7.9 million common shares. At $19 per share, gross proceeds will total approximately $500 million. The secondary offering, reflecting $150 million of the total, is being made by NGP and Riverstone.
5 August 2014•2 mins read
