- Parsley Energy (PE) is the latest fracking company to enjoy a big IPO, jumping 19.7% so far in its first day of trading after selling 50M shares at $18.50 each to raise $925M, topping expectations for a 43.9M-share offering fetching $15-$18/share.
- PE drills shale formations in the Permian Basin area in Texas, and Permian peers Diamondback Energy (FANG) and Athlon Energy (ATHL) have seen their shares rally 38% and 43% YTD respectively.
- Oil and gas drillers already had raised $2.2B in U.S.-listed IPOs this year; Rice Energy (RICE) has rallied 44% since its January IPO and RSP Permian (RSPP) has gained 42% since debuting in the same month, although EP Energy (EPE) is off 1.9% since it went public.
From other sites
at Zacks.com (Mar 23, 2015)
at CNBC.com (Dec 10, 2014)
at MarketWatch.com (Sep 29, 2014)
at CNBC.com (Sep 5, 2014)
at CNBC.com (Jun 18, 2014)
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