INR IPO Grows, Adds Another $37M for $302M Total in Proceeds

We previously reported that INR (Infinity Natural Resources), which drills exclusively in the Marcellus/Utica region, floated an initial public offering (IPO) that brought in money on the high end of expectations and that the newly issued stock immediately started trading some 10% higher (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). We have more good news about INR and its IPO. The investment bank underwriters elected to exercise their options to issue even more shares, netting the company another $37.3 million. Add it all up, and INR's IPO brought in just over $302 million.

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