Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share. (Source: Shutterstock, Infinity Natural Resources)
Infinity Natural Resources, which conducted an IPO on Jan. 31, said its underwriters have fully exercised their option to purchase an additional 1,987,500 shares of Class A common stock at the initial price of $20 per share.
Including underwriting discounts and commissions, Infinity will receive net proceeds of $37.36 million. The exercise of the underwriters’ option closed on Feb. 6. Infinity shares opened at $20.75 on Feb. 7.
Infinity raised $265 million in its IPO.
Book-runners and co-managers for Infinity’s IPO included Citigroup, Raymond James, RBC Capital Markets, BofA Securities, Capital One Securities, Truist Securities, Keybanc Capital Markets, Stephens Inc., Comerica Securities, Fifth Third Securities, First Citizens Capital Securities, BTIG, BOK Financial Securities and Zions Capital Markets.
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