Natural gas producer BKV Corporation said on Monday it plans to raise up to $315 million in its initial public offering in the United States.
The Denver, Colorado-based company is offering 15 million shares priced between $19 and $21 each.
Rate cut expectations have encouraged some companies to explore a listing on the public market, but many are still holding out due to the uncertainty over the economy and the U.S. presidential election.
BKV initially filed to go public in 2022. The company will be listed on the New York Stock Exchange under the symbol “BKV.”
Citigroup and Barclays are the lead book-running managers for the offering.
(Reporting by Niket Nishant in Bengaluru; Editing by Tasim Zahid)