Laredo Petroleum Holdings is looking to sell up to $450 million of common shares in an initial public offering (IPO), Reuters reports. The company will utilize the proceeds to pay back debts under its senior secured credit facility and for future expansion and development. Warburg Pincus, which backs Laredo Petroleum, will not be selling shares in the IPO. JP Morgan, Goldman Sachs, BofA Merrill Lynch and Wells Fargo Securities will be the lead underwriters for the offering.
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