Today, Jones Energy Inc announced an initial public offering (IPO) for its14 million shares of Class A common stock. The IPO was valued between US$17 and US$19 per share piece. The data was shown in a filing before the US Security and Exchange Commission.
In line with the initial public offering, appointed underwriters would be granted a 30 day option. They will have the option to purchase additional Class A shares of common stock that were up to 2,100,000. The said shares offered to underwriters were also valued at the same IPO price less discounts and commissions.
Jones Energy Inc was given approval to list its common shares on the New York Stock Exchange (NYSE) under the trading symbol JONE. The joint book running managers for the offering were JPMorgan, Barclays and Wells Fargo Securities. The appointed senior co-managers were Jefferies, Tudor, Pickering, Holt & Co and Citigroup. Capital One Southcoast, Credit Agricole CIB, Mitsubishi UFJ Securities, SunTrust Robinson Humphrey, Stifel and Morgan Stanley were appointed as co-managers for the Jones Energy IPO.
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