Oil & Gas Refining & Marketing IPOs » By The Online Investor Staff, updated Sun., May. 16, 4:49 PMRecent initial public offerings in the Oil & Gas Refining & Marketing IPOs category.
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Slide #1. PBF Energy, Inc. — Initial Public Offering
Company:
PBF Energy, Inc.
Proposed Symbol:
PBF
IPO Date:
12/13/2013
Shares Offered:
20,500,000
Price Per Share:
$26.00
Over-Allotment:
3,075,000
Description:
PBF Energy Inc. announced that it priced its initial public offering of 20,500,000 shares of its Class A common stock at a price to the public of $26 per share. The shares are expected to begin trading under the ticker symbol "PBF" on the New York Stock Exchange today. The underwriters were granted an option, exercisable within 30 days, to purchase up to an additional 3,075,000 shares of Class A common stock from PBF Energy Inc. at the public offering price less underwriting discounts and commission. PBF Energy Inc. will use a significant portion of the net proceeds of the offering to acquire equity interests in its subsidiary, PBF Energy Company LLC, from its majority owners, funds affiliated with First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and Blackstone, one of the largest alternative asset managers in the world and a leading private equity investor in the energy industry.
