IPO
IPO , Acquisitions & Divestitures
Kimbell Royalty Partners Launches $200 Million SPAC
The SPAC—named Kimbell Tiger Acquisition Corp.—will target the energy and natural resources space in North America, said Kimbell Royalty Partners, which will control the company’s sponsor.
IPO
Neptune Energy Considers Launching Nearly $10 Billion IPO
Neptune Energy was founded in 2015 with private equity backing from investors and has operations across Europe, North Africa and the Asia Pacific region.
Public Capital , IPO , Energy Transition , Trends
Oil and Gas Investor I-Banking Trends: Cheaper Money
Debt capital is on sale, and public equity markets aren’t closed to oil and gas operators either. Some just don’t have any use right now for the cash—that is, a use that investors would support.
IPO , Shale Plays
Blackstone-backed Vine Energy Opens Below Offer Price in Market Debut
Blackstone-backed natural gas explorer Vine Energy’s stock opened at $13.75 per share, giving the company a valuation of $952.7 million.
IPO , Energy Transition
Energy Buyout Firm Riverstone Preparing Cleantech SPAC IPO
The new entity will raise money from investors in an IPO, which will form the basis of a war chest to buy a privately-owned clean energy business, sources said.
Public Capital , IPO
Saudi Aramco IPO Proceeds Reportedly Rise To $29.4 Billion
The proceeds from Saudi Aramco's record IPO have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel.
IPO , Crude Oil
Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
IPO
Saudi Aramco IPO Gets $44.3 Billion In Bids So Far
Saudi Aramco has received bids for its shares totaling $44.3 billion so far, lead manager Samba Capital said on Nov. 29, putting its initial public offering on track to be over-subscribed.
IPO
Saudi Aramco Won't Breach Maximum Weight For Firms In Saudi Index: Report
Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior executive said on Nov. 24.
IPO
Saudi Aramco In Race For IPO Record With $1.7 Trillion Top Value
Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Nov. 17, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO.