DENVER, CO–(Marketwired – January 26, 2017) – Jagged Peak Energy Inc. (NYSE: JAG) (“Jagged Peak”) announced today the pricing of its initial public offering of 31,599,334 shares of its common stock at $15.00 per share. Jagged Peak is offering 28,333,334 shares of its common stock and the selling stockholders named in the registration statement on Form S-1 filed previously with the Securities and Exchange Commission (the “SEC”) are offering 3,266,000 shares of Jagged Peak’s common stock. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “JAG” on January 27, 2017. In addition, Q-Jagged Peak Energy Investment Partners, LLC, one of the selling stockholders and an affiliate of Quantum Energy Partners, has granted the underwriters a 30-day option to purchase up to an additional 4,739,900 shares of Jagged Peak’s common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on February 1, 2017, subject to customary closing conditions.
Jagged Peak intends to use a portion of the approximately $397.1 million of net proceeds it will receive from this offering to fully repay the outstanding indebtedness under its credit facility and the remaining net proceeds to fund a portion of its 2017 capital program. Jagged Peak will not receive any of the proceeds from the sale of shares of Jagged Peak’s common stock by the selling stockholders.
Citigroup, Credit Suisse, J.P. Morgan, Goldman, Sachs & Co., RBC Capital Markets and Wells Fargo Securities are acting as joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. When available, a copy of the prospectus may be obtained from: