BKV Adjusts IPO Price Down from $19-$21 to $18 per Share

Last week, MDN told you the time was finally right for BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company, to launch an initial public offering (see The Time is Now Right – BKV Launches IPO Hoping to Raise $315M). BKV, which is being carved out of Banpu to stand on its own, had hoped the IPO would raise between $19 and $21 per share (for 15 million shares), generating $285 - $315 million. Yesterday, BKV announced the IPO result, which came in slightly under the hoped-for amount.

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