QR Energy units fall in first trading day (AP)
00:40
zhbjzhql
, Posted in
NEW YORK – QR Energy LP units dipped Friday on their first day of trading on the New York Stock Exchange.
The Houston firm is offering up to 17.25 million units at $20 per unit. Units gave up 40 cents to close at $19.60 in their debut.
The offering, which will close Wednesday, should give the public a limited partner interest of between 42 percent and 48.3 percent in the company.
QR Energy was formed by affiliates of Quantum Resource Funds and holds an estimated 30 million barrels of oil equivalent in proven reserves.
You can leave a response, or trackback from your own site.
0 Response to "QR Energy units fall in first trading day (AP)"
Post a Comment