BKV Corporation plans to raise up to $315 million in US IPO
BKV Corporation: However, it is still not sure whether there will be any interest cut because of the uncertainty in the economy and the U.S. presidential elections.
BKV Corporation: On Monday BKV Corporation which is known for producing natural gas said that the company plans to raise up to $315 million through its public offering. BKV Corporation IPO consists of 15 million shares which were opened for public subscription on September 16 at a price band of $19 and $21 per equity shares.
People’s expectations of interest rate cuts by the U.S. Federal Reserve have influenced more companies to go public. However, it is still not sure whether there will be any interest cut because of the uncertainty in the economy and the U.S. presidential elections.
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As per the reports, BKV Corporation first decided to go public in 2022 but later on the idea was dropped.
The company shares will be listed on the New York Stock Exchange under the symbol “BKV” and Citigroup and Barclays are the book-running managers for the issue.
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