Geopark trims New York IPO

Geopark trims New York IPO

Equity

Geopark raised $100.1m from its US listing on Thursday after cutting the number of shares, and the price, and bringing in existing owners for support. The firm had planned to sell 20m shares at $8 to $10 each, but ended up selling 14.3m at $7 each. That included an 800,000 share greenshoe. The firm revised its prospectus on Thursday morning to indicate it would sell 13.5m shares at a new price range of $7 to $8 per share. It also said that existing owners had agreed to buy 8m shares at the midpo

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