* To offer 29.9 mln units
* Plans to list on New York Stock Exchange under symbol 'PER'
* Morgan Stanley to underwrite IPO
(Follows alerts)
May 25 (Reuters) - SandRidge Permian Trust filed with U.S. regulators on Wednesday to raise up to $720.9 million in an initial public offering of its common units and use the proceeds to repay debt.
The Austin, Texas-based company will offer 29.9 million units, it said in a preliminary prospectus with the U.S. Securities and Exchange Commission.
The oil and natural gas company intends to list its shares on the New York Stock Exchange under the symbol 'PER.'
Morgan Stanley is the sole underwriter for the IPO.
The amount of money a company says it plans to raise in its first IPO filings is just used to calculate registration fees. The final size of the IPO can be different.
(Reporting by Sweta Singh in Bangalore; Editing by Roshni Menon) Keywords: SANDRIDGEPERMIAN/ (sweta.singh@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Plans to list on New York Stock Exchange under symbol 'PER'
* Morgan Stanley to underwrite IPO
(Follows alerts)
May 25 (Reuters) - SandRidge Permian Trust filed with U.S. regulators on Wednesday to raise up to $720.9 million in an initial public offering of its common units and use the proceeds to repay debt.
The Austin, Texas-based company will offer 29.9 million units, it said in a preliminary prospectus with the U.S. Securities and Exchange Commission.
The oil and natural gas company intends to list its shares on the New York Stock Exchange under the symbol 'PER.'
Morgan Stanley is the sole underwriter for the IPO.
The amount of money a company says it plans to raise in its first IPO filings is just used to calculate registration fees. The final size of the IPO can be different.
(Reporting by Sweta Singh in Bangalore; Editing by Roshni Menon) Keywords: SANDRIDGEPERMIAN/ (sweta.singh@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.