Peak Resources Lp To Start Trading Tomorrow
Portfolio Pulse from Benzinga Insights
Peak Resources LP is set to begin trading on the NYSE under the ticker PRB on October 25. The IPO price is expected to be between $13.00 and $15.00 per share, with a 180-day insider lock-up period ending on April 23, 2025. The company focuses on investments in oil and natural gas businesses.
October 24, 2024 | 3:00 pm
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Peak Resources LP is launching its IPO on the NYSE, with shares priced between $13 and $15. The company focuses on oil and natural gas investments, and the insider lock-up period will last until April 23, 2025.
The IPO of Peak Resources LP is a significant event as it marks the company's entry into the public market. The pricing range suggests investor interest, and the focus on oil and natural gas could attract sector-specific investors. The insider lock-up period indicates potential future stock movements post-April 2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100