Oklahoma City’s Riley Exploration Permian, Inc. announced it has launched an initial public offering of more than 6.6 million shares of common stock.
Riley’s an independent Oklahoma oil and natural gas company whose exploration and developments are in the Permian Basin.
The anticipated initial offering price is between $14 and $16 per share for 6,666,667 shares. The offer is pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission.
The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of its common stock. Riley Permian is expected to trade on the New York Stock Exchange American under the ticker symbol “REPX”.
SunTrust Robinson Humphrey and Seaport Global Securities are acting as joint book-running managers for the offering. Capital One Securities is also acting as passive book-running manager for the offering. Imperial Capital and Roth Capital Partners are acting as co-managers for the offering.
SunTrust Robinson Humphrey
Attn: Prospectus Department
Address: 3333 Peachtree Road NE, 9th Floor, Atlanta, GA 30326
Telephone: 404-926-5744
Email: strh.prospectus@suntrust.com
Seaport Global Securities
Attn: Victoria Kump
Address: 360 Madison Avenue, 21st Floor, New York, NY 10017
Telephone: 646-264-5601
Email: VKump@seaportglobal.com