Papa's Silver Run IPOs With $500 Million For Acquisitions

摘要

SILVER RUN Acquisition Corp., a new U.S. investment vehicle, raised a greater-than-expected $500 million in an IPO on Feb. 29 aimed at funding the acquisition of energy companies. The shares of many energy companies have been battered in the last 18 months as an oil supply glut has weighed on their prospects. Silver Run's IPO shows that some investors believe that the sector's corporate valuations have reached bottom.