LRR Energy is seeking to raise about $281.8 million through an initial public offering (IPO), The Wall Street Journal reports. The shares are expected to be listed on the New York Stock Exchange.The proceeds form the IPO are expected to be used by the company to make cash distributions and payments to investors and repay debt. Wells Fargo Securities, Citi, Raymond James and RBC Capital Markets are underwriting the offering, adds Reuters.
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