Lone Pine Resources (LPR) IPO Trades Lower

The IPO for Lone Pine Resources Inc. (NYSE: LPR) is open for trading. Shares are trading at $12.30 after pricing 15 million shares for $13 each, below the expected $18-$20 range.

The offering was offered through J.P. Morgan, Credit Suisse, TD Securities, BMO Capital Markets, Scotia Capital, Wells Fargo Securities, CIBC, RBC Capital Markets, BNP PARIBAS, Howard Weil Incorporated, Johnson Rice & Company L.L.C., Raymond James, and Tudor, Pickering, Holt & Co.

Lone Pine Resources is an independent oil and gas exploration, development, and production company with operations in Canada within the provinces of Alberta, British Columbia, and Quebec and the Northwest Territories. Lone Pine Resources Inc. is currently a wholly-owned subsidiary of Forest Oil Corporation (NYSE: FST).

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• SpaceX prices IPO at $135 per share for June 12 Nasdaq debut
• TransAlta closes $350 million share offering to fund acquisition
• Spacex IPO Retail Orders Are Said To Increase To Over $100b - Bloomberg