BKV Corporation sets IPO price at $18 per share

DENVER - BKV Corporation, a Denver-based energy company, has set the price of its initial public offering (IPO) at $18.00 per share. The company is offering 15 million shares and will begin trading on the New York Stock Exchange under the ticker "BKV" on Thursday. The offering is expected to close the following day, Friday, subject to standard closing conditions.

The IPO includes an option for underwriters to purchase up to an additional 2.25 million shares from BKV at the IPO price, minus underwriting discounts and commissions, within a 30-day period.

Citigroup and Barclays are the lead book-running managers for the offering. Other financial institutions involved include Evercore ISI, Jefferies, and Mizuho as joint book-running managers, with KeyBanc Capital Markets, Susquehanna Financial Group, LLLP, TPH&Co., Perella Weinberg Partners' energy business, and Truist Securities serving as senior co-managers. Citizens JMP and SMBC Nikko have been named as co-managers for the offering.

Investors interested in obtaining a copy of the final prospectus can request it from Citigroup or Barclays Capital Inc. once it is available. Additionally, the prospectus will be accessible free of charge on the Securities and Exchange Commission's website, where it can be found under BKV Corporation's registrant name.

BKV Corporation, founded in 2015, positions itself as a growth-oriented energy company with a focus on natural gas production. It is recognized as one of the top 20 natural gas producers in the United States and the largest producer by gross operated volume in the Barnett Shale.

The registration statement for the offering was declared effective by the SEC on September 25, 2024. It should be noted that this press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful.

This article is based on a press release statement provided by BKV Corporation.

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