Midstates Petroleum reveals IPO terms

Midstates Petroleum Company is looking to raise $408 mn in capital through an offer of 24 mn shares priced $16 to $18. Twenty-five percent of the shares are coming from insiders. At the mid-point of the range, the energy company would attain a valuation of $1.1 bn. Midstates Petroleum is planning to list on NYSE and trade under the symbol MPO. The lead underwriters are GS)" href="http://www.insideipo.com/tag/goldman-sachs">Goldman Sachs, MS)" href="http://www.insideipo.com/tag/morgan-stanely">Morgan Stanley and Wells Fargo Securities.

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Source: Renaissance Capital