Ellora Sets IPO Terms

Ellora Energy Inc., a Boulder, Colo.-based oil and gas company, has raised its IPO terms to 11.37 million common shares being offered at between $12 and $14 per share. It would have an initial market cap of approximately $745 million, 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.