Finance & Investing | Capital Markets | Private Equity Activity
Midstates Petroleum Announces Pricing of Its IPO Offering
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Midstates Petroleum Company, Inc. ("Midstates" or the "Company") announced today the pricing of its initial public offering of 24,000,000 shares of its common stock at $13.00 per share. The shares are expected to begin trading on the New York Stock Exchange on April 20, 2012 under the ticker symbol "MPO." The Company is selling 18,000,000 shares of its common stock and the selling stockholders named in the registration statement are selling 6,000,000 shares of the Company's common stock. In addition, the selling stockholders have granted the underwriters for the offering a 30-day option to purchase up to an additional 3,600,000 shares of the Company's common stock at the same price per share. The offering is expected to close on April 25, 2012, subject to customary closing conditions.
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