Quicksilver Production Partners, formed last year by Quicksilver Resources Inc to acquire oil and gas properties in North America, filed with U.S. regulators to raise up to $250 million through an initial public offering of common units.The limited partnership did not disclose how many units it planned to sell or their expected price.In a filing with the U.S Securities and Exchange Commission the Fort worth, Texas-based firm said J.P. Morgan and Credit Suisse would underwrite the IPO.It has applied to have its common units listed on the New York Stock Exchange under the symbol "QPP."
Quicksilver Resources Inc. (Quicksilver) is an independent energy company. Shares of KWK fell by 4.76% or $-0.255/share to $5.10. In the past year, the shares have traded as low as $4.14 and as high as $15.98. On average, 3876330 shares of KWK exchange hands on a given day and today's volume is recorded at 133593.
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