Finance & Investing | Fundraising | Capital Markets
PDC Energy Prices Public Offering of Stock
Print
|
PDC Energy, Inc. has priced a public offering of 3,480,000 shares of its common stock for total gross proceeds (before underwriters' compensation and estimated expenses) of approximately $179 million.
Goldman, Sachs & Co. and J.P. Morgan Securities LLC acted as the sole underwriters of the offering and have offered the shares at prevailing market prices or otherwise from time to time through the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise.
The Company has granted the underwriters an option for 30 days to purchase up to an additional 522,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or around March 23, 2015.