PE-backed Northern Blizzard completes $500 mln IPO, secondary deal
Northern Blizzard Resources Inc has completed its previously announced offering of 26.3 million common shares priced at $19.00 per share for total gross proceeds of $500 million. Northern Blizzard's common shares commenced trading on the Toronto Stock Exchange under the symbol "NBZ" on Aug. 8. Part of the offering was a secondary transaction that accounted for $150 million. It was made by existing U.S. private equity investors NGP Energy Capital Management and Riverstone Holdings, which will continue jointly to hold a majority interest in the Calgary-based energy company.
11 August 2014•4 mins read
