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Friday, May 6, 2011

LRR Energy files for IPO of up to $281.8 mln

LRR Energy LP filed with U.S. regulators on Friday to raise up to $281.8 million in an initial public offering of common units. LRR Energy told the U.S Securities and Exchange Commission in a preliminary prospectus that Wells Fargo Securities, Citi, Raymond James and RBC Capital Markets are underwriting the IPO. The Houston, Texas-based company, which was formed by Lime Rock Resources to develop oil and natural gas properties in North America, said it intends to use proceeds to repay debt and for other corporate purposes. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO may be different

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