Energy Hunter Resources launches $43 million Reg A+ IPO; pricing next week

Energy Hunter Resources, Texas-based oil and gas E&P, announced timing for its upcoming IPO on Tuesday. The company plans to price its Regulation A+ IPO during the week of October 30, 2017. Unlike most Reg A+ offerings, Energy Hunter is being underwritten on a firm commitment basis. The deal will not be included in our IPO stats.

The Houston, TX-based company plans to raise $43 million by offering 4.8 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Energy Hunter Resources would command a fully diluted market value of $65 million.

Energy Hunter Resources was founded in 2009 and booked $1 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol EHR. Stifel, B. Riley & Co. and FBR Capital Markets are the joint bookrunners on the deal.

The article Energy Hunter Resources launches $43 million Reg A+ IPO; pricing next week originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

 

Source: http://www.nasdaq.com/article/energy-hunter-resources-launches-43-million-reg-a-ipo-pricing-next-week-cm864691

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