The Jagged Peak Energy (JAG) to Raise $649 Million in IPO

The Jagged Peak Energy (JAG) to Raise $649 Million in IPO

Jagged Peak Energy (JAG) is planning to raise $649 million in an IPO on Friday, January 27th. The company will be issuing 38,200,000 shares at a price of $16.00-$18.00 per share.

In the last year, Jagged Peak Energy generated $62.2 million in revenue and had a net loss of $14.6 million. The company has a market-cap of $2.5 billion.

Citigroup, Credit Suisse, J.P. Morgan, Goldman Sachs, RBC Capital Markets and Wells Fargo Securities acted as the underwriters for the IPO and UBS Investment Bank, KeyBanc Capital Markets, ABN AMRO, Fifth Third Securities, Petrie Partners Securities, Tudor, Pickering, Holt, BMO Capital Markets, Deutsche Bank Securities, Evercore ISI and Scotia Howard Weil were co-managers.

Jagged Peak Energy provided the following description of their company for its IPO: “We are a growth-oriented, independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin, a sub-basin of the Permian Basin of West Texas and one of the most prolific unconventional resource plays in North America. Our acreage is located on large, contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with significant original oil-in-place within multiple stacked hydrocarbon-bearing formations. “.

Jagged Peak Energy was founded in 2013 and has 30 employees. The company is located at 1125 17th Street, Suite 2400, Denver, CO 80202, US and can be reached via phone at (720) 215-3700 or on the web at

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