Banpu Gas Unit BKV Seeks Up to $315 Million in US IPO
- Gas producer offering 15 million shares for $19 to $21 each
- Thai parent will continue to hold majority of voting power
As of June 30, BKV had about 479,000 net acres, the majority of them in the Barnett and Northeast Marcellus shale formations.
Photographer: David Paul Morris/BloombergA gas-producing unit of Banpu Pcl, a Thai coal and power company, is seeking to raise as much as $315 million in a US initial public offering.
BKV Corp. plans to market 15 million shares for $19 to $21 each, according to a statement Monday. The Denver-headquartered company produces natural gas from upstream businesses it owns and operates, according to an earlier filing with the US Securities and Exchange Commission.