PDC Energy Inc. expects to raise $243 million from a public offering of 4.5 million shares of common stock, up from 3.75 million shares the company had planned to offer.
The Denver company (Nasdaq: PDCE) also said that it's also granted the underwriter a 30-day option to purchase up to an additional 562,500 shares of the stock to cover over-allotments if any.
Bank of America Merrill Lynch is acting as the sole underwriter of the offering.
PDC focuses its operations in Colorado’s Wattenberg Field,…
PDC Energy Inc. expects to raise $243 million from a public offering of 4.5 million shares of common stock, up from 3.75 million shares the company had planned to offer.
The Denver company (Nasdaq: PDCE) also said that it's also granted the underwriter a 30-day option to purchase up to an additional 562,500 shares of the stock to cover over-allotments if any.
Bank of America Merrill Lynch is acting as the sole underwriter of the offering.
PDC focuses its operations in Colorado’s Wattenberg Field,…