Tamboran Resources Limited (AU:TBN) has released an update.
Tamboran Resources Corporation is set to make its stock market debut with an initial public offering (IPO) of 3,125,000 shares at $24.00 each, eyeing a listing on the New York Stock Exchange under the ticker ‘TBN’. The launch includes a provision for underwriters to purchase an additional 468,750 shares, and the company has already attracted significant interest from cornerstone investors who have expressed intent to buy up to $22.5 million worth of shares. The offering, which also involves issuing shares to Daly Waters Energy, LP as part of a joint venture agreement, presents potential investors with an opportunity to be part of an emerging growth company as defined by the JOBS Act.
For further insights into AU:TBN stock, check out TipRanks’ Stock Analysis page.
