logo
Share SHARE
FONT-SIZE Plus   Neg

LinnCo Prices IPO Of 30.25 Mln Shares At $36.50 Per Share - Quick Facts

LINN Energy LLC (LINE: Quote) announced the pricing of the initial public offering of 30.25 million common shares of LinnCo LLC (LNCO), a wholly-owned subsidiary of LINN Energy, 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 4.53 million 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year. Apple Inc. said Monday after the markets closed that its second quarter profit rose 33% from last year, driven by strong sales of iPhone and Mac as well as all-time record performance of the App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. C.H. Robinson Worldwide Inc. (CHRW), one of the largest transportation logistics firm in North America, Monday reported an increase in first-quarter profit, driven largely by a 5 percent revenue growth. However, earnings for the quarter fell short of Wall Street estimates by a penny, as did revenues. Eden...
comments powered by Disqus
RELATED NEWS
Trade LINE now with 
Follow RTT