BKV Corp

BKV Corp (BKV) priced its initial public offering on Sep 27, 2024 at $18.00 per share, below its $19.00–$21.00 range, raising $270M, and listed on NYSE. At the IPO price its market capitalization was about $1.51B. Citigroup was lead-left underwriter, joined by Barclays, Evercore ISI and Jefferies and others. Baker Botts advised the company and Latham & Watkins advised the underwriters.

BKV Corp is an energy company whose core business is producing natural gas from owned and operated upstream properties. It also has natural gas midstream, power generation, and carbon capture, utilization and sequestration business lines.

Status

IPO

Ticker

BKV

Exchange

NYSE

Priced

Sep 27, 2024

IPO price

$18.00

Price range

$19.00–$21.00

Raised

$270M

Market cap at IPO price

$1.51B

First filed

Nov 18, 2022

Underwriters

Citigroup, Barclays, Evercore ISI, Jefferies, Mizuho, KeyBanc, Susquehanna Financial, Truist, Citizens JMP and SMBC Nikko

Company counsel

Baker Botts

Underwriters' counsel

Latham & Watkins

Sector

Energy, mining & utilities

Country / state

CO

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.