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Ellora Energy IPO Keeps Growing

Ellora Energy Inc., a Boulder, Colo.-based oil and gas company, has increased its IPO price range from $12-$14 per share to $17-$19 per share. It still plans to offer 11.37 million common shares. Its initial market cap would be approximately $1.01 billion, were it to price at the high end of its range.


Ellora plans to trade on the Nasdaq under ticker symbol LORA, with AG Edwards and Friedman Billings Ramsey serving as co-lead underwriters.


Ellora is a portfolio company of Yorktown Energy Partners.