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Markets

Extraction Oil & Gas in $600mn estimate for IPO

Extraction Oil & Gas said it expects to raise as much as $600million in an initial public offering (IPO).
By Niamh Burns
29/09/2016, 3:59 pm
Market info
Market info

Extraction Oil & Gas said it expects to raise as much as $600million in an initial public offering (IPO).

The Denver-based oil explorer and driller has been valued at about $2.6billion.

The company is backed by private equity firm Yorktown Partners.

It expects to price the offering of 33.3million shares at between $15 and $18 each.

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