Deals
Atlas Energy Falls in Trading Debut After Below-Range $324 Million IPO
This article is for subscribers only.
Atlas Energy Solutions Inc. sunk in its trading debut after raising $324 million in an initial public offering priced below a marketed range.
Shares of the oilfield services company fell 5.8% from their IPO price to $16.95 Thursday in New York trading, giving the company a market value of about $1.7 billion. Atlas Energy sold 18 million shares Wednesday for $18 each, after marketing them for $20 to $23.