Tamboran Resources Corp

Tamboran Resources Corp (TBN) priced its initial public offering on Jun 27, 2024 at $24.00 per share, within its $24.00–$27.00 range, raising $75M, and listed on NYSE. At the IPO price its market capitalization was about $341.5M. BofA Securities was lead-left underwriter, joined by Citigroup, RBC Capital Markets and Piper Sandler. Latham & Watkins advised the company and Clifford Chance advised the underwriters.

Tamboran Resources Corp is an early-stage independent natural gas exploration and production company focused on developing the natural gas resources of the Beetaloo Basin in Australia's Northern Territory, where it and its partners hold exploration permits over about 4.7 million gross acres.

Status

IPO

Ticker

TBN

Exchange

NYSE

Priced

Jun 27, 2024

IPO price

$24.00

Price range

$24.00–$27.00

Raised

$75M

Market cap at IPO price

$341.5M

First filed

May 3, 2024

Underwriters

BofA Securities, Citigroup, RBC Capital Markets and Piper Sandler

Company counsel

Latham & Watkins

Underwriters' counsel

Clifford Chance

Sector

Energy, mining & utilities

Country / state

Australia

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