All four of last week’s initial public offering (IPO) candidates succeeded in reaching the public markets. The results were definitely a mixed bag although the first IPO of an oil & gas production company in more than two years was the week’s big success.
Extraction Oil & Gas Inc. (NASDAQ: XOG) priced its offering at $19, above the expected range, and raised $633 million with a first day pop of 15%. The Niobrara producer firm closed the week up 14.6%.