Montauk Renewables, Inc.

Montauk Renewables, Inc. (MNTK) priced its initial public offering on Jan 25, 2021 at $8.50 per share, above its $7.00–$8.00 range, raising $25.9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $1.2B. Roth Capital was lead-left underwriter. Jones Day advised the company and Gibson Dunn advised the underwriters.

Montauk Renewables, Inc. is a Delaware renewable energy company that recovers and processes landfill biogas to replace fossil fuels. It develops, owns and operates 12 renewable natural gas projects supplying the transportation industry and three renewable electricity projects, across six states.

Status

IPO

Ticker

MNTK

Exchange

Nasdaq Capital Market

Priced

Jan 25, 2021

IPO price

$8.50

Price range

$7.00–$8.00

Raised

$25.9M

Market cap at IPO price

$1.2B

First filed

Dec 11, 2020

Underwriters

Roth Capital

Company counsel

Jones Day

Underwriters' counsel

Gibson Dunn

Sector

Energy, mining & utilities

Country / state

PA

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