Commodities & Metals
Intrepid Potash Sets IPO Terms (IPI)
Published:
Last Updated:
Intrepid Potash, Inc. is getting closer to its upcoming IPO. The company set the terms in its amended IPO filing this morning. The filing shows an offering of some 24 million shares at a maximum proposed share price of $26.00, totaling $717 million maximum aggregate proceeds. The actual price range for shares is listed as $24.00 to $26.00 for the IPO and the company has applied to trade on the New York Stock Exchange under the ticker "IPI."
The underwriting group is listed as Goldman, Sachs & Co., Merrill Lynch & Co., and Morgan Stanley. Co-managers are listed as RBC Capital Markets and BMO Capital Markets.
We previously discussed Intrepid’s business and market position from an earlier filing. Given the gains seen currently and the strong guidance in anything tied to the fertilizer or potash industry, this IPO is one we’d expect to be oversubscribed.
You can join our open email distribution list to hear about other IPO’s, back door plays into IPO’s, spin-offs. break-ups, and other special situations we frequently preview.
Jon C. Ogg
April 7, 2008
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
