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LinnCo (LNCO) 30.25M Common IPO Priced at $36.50/Share

October 12, 2012 6:28 AM EDT Send to a Friend
LINN Energy, LLC (Nasdaq: LINE) reports pricing of the initial public offering of 30,250,000 common shares of LinnCo, LLC (Nasdaq: LNCO), a wholly-owned subsidiary of LINN, at $36.50 per common share. The common shares are expected to begin trading on the NASDAQ Global Select Market on October 12, 2012 under the ticker symbol "LNCO." The underwriters have the option to purchase up to an additional 4,537,500 common shares from LinnCo, at the same price, to cover over-allotments, if any. The offering is expected to close on or about October 17, 2012, subject to customary closing conditions.

Barclays, Citigroup, RBC Capital Markets, Wells Fargo Securities, BofA Merrill Lynch, Credit Suisse, Raymond James and UBS Investment Bank are acting as the joint book-running managers in the transaction. Goldman, Sachs & Co and J.P. Morgan are acting as senior co-managers in the transaction. Baird, BMO Capital Markets, Credit Agricole CIB, CIBC, Scotiabank / Howard Weil and Mitsubishi UFJ Securities are acting as the co-managers in the transaction.




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