Laredo Petroleum (LPI) Looks to Price IPO in $18-$20 Range

In an amended S-1 filing with the SEC Monday, Laredo Petroleum (NYSE: LPI) said it expects to price 17.5 million shares in the range of $18 to $20 per share.

Shares of Laredo Petroleum will trade on the New York Stock Exchange under the ticker symbol “LPI.”

The company sees $315-$350 million in total capital raised from the IPO. Management also granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to an additional 2,625,000 shares of our common stock.

The underwriters for the IPO are J.P.Morgan, Goldman Sachs, BofA Merrill Lynch, Wells Fargo, Tudor Pickering Holt, SOCIETE Generale, Mitsubishi UFJ Securities, BMO Capital Markets, BNP PARIBAS, Scotia Capital, Capital One Southcoast, BOSC Inc., BB&T Capital Markets, Comerica Securities and Howard Weil Inc.

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