Laredo Petroleum Inc. - 2012-01-13

Priced its initial public offering of 17.5 million shares of its common stock at $17 per share. Upon completion of the offering, the public will own approximately 14% of the outstanding shares of the company's common stock, or approximately 16% if the underwriters exercise their option to purchase additional shares. The company intends to use the net proceeds to repay its outstanding indebtedness under its revolving credit facility. J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch and Wells Fargo Securities are joint book-running managers for the offering. Tudor, Pickering, Holt & Co. is lead manager. Societe Generale, Mitsubishi UFJ Securities, BMO Capital Markets, BNP Paribas Securities Corp., Scotia Capital, Capital One Southcoast, BOSC Inc., BB&T Capital Markets, Comerica Securities and Howard Weil Inc. are co-managers.