Thursday, 3 July 2008

Abraxas Energy IPO

A new IPO will soon hit the primary stock markets in the USA. The IPO or initial public offering belongs to Abraxas Energy Partners.
Abraxas Energy IPO
What is the price range or price band of Abraxas Energy IPO?
The share units of Abraxas Energy IPO are expected to be sold in the price range of USD 17.5 to 19.5 dollars per share.

Where will the Abraxas Energy IPO shares be listed?
The Abraxas Energy IPO shares will be listed on NASDAQ stock exchange under the symbol AXLP.

How many share units will be offered for sale through the Abraxas Energy IPO?
A total of 4,250,000 units will be offered for sale through the Abraxas Energy IPO. This number is up from 3,350,481 units as per the filing details on June 4.

What are the business valuations of Abraxas Energy IPO?
Abraxas Energy Partners is a limited partnership formed by Abraxas Petroleum in May 2007 to exploit, develop, produce and acquire oil and gas properties. Its assets consist primarily of producing and non-producing properties located in the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States.

Who are the lead underwriters of the Abraxas Energy IPO?
The Abraxas Energy IPO issue is being lead by Wachovia Securities, RBC Capital Markets, C.K. Cooper & Company and Sterne Agee & Leach. Table of Contents

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