Tamboran Prices US IPO at US$24.00 Per Share
Tamboran Resources Corporation Common stock (TBN)
Company Research
Source: Business Wire
HighlightsTamboran Resources Corporation (“Tamboran” or the “Company”) today announced the pricing of its initial public offering of 3,125,000 shares of Common Stock at a price to the public of US$24.00 per share, raising gross proceeds of US$75 million to fund the ongoing drilling activities for the proposed Shenandoah South Pilot Project in the Beetaloo Basin.Tamboran has granted the underwriters a 30-day option to purchase up to an additional 468,750 shares of its common stock at the initial public offering price, less underwriting discount.Tamboran shares will commence trading on the New York Stock Exchange on June 27, 2024, under the ticker symbol “TBN”. The offering is expected to close on June 28, 2024, subject to customary closing conditions.BofA Securities, Citigroup, and RBC Capital Markets are acting as joint book-running managers for the proposed offering. Johnson Rice & Company and Piper Sandler are acting as co-managers for the proposed offering. NEW YORK--(BUSINESS W
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News
- Tamboran Schedules Fourth Quarter and FY24 Earnings Release and WebcastBusiness Wire
- EP 98 Operational Update: Tamboran Commence Shenandoah South Pilot Project drilling programBusiness Wire
- BOJ to debate rate hike timing as Fed opens door to cuts [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tamboran Announces Partial Exercise of Underwriters’ Over-Allotment OptionBusiness Wire
- Tamboran Resources Corp (NYSE: TBN) is now covered by analysts at Johnson Rice. They set a "buy" rating and a $47.00 price target on the stock.MarketBeat
TBN
Sec Filings
- 9/4/24 - Form 4
- 7/31/24 - Form 8-K
- 7/30/24 - Form 8-K
- TBN's page on the SEC website