Yuma Energy IPO to raise $140m

DataRoom: Texas oil explorer and producer plans to list on ASX on Dec 13.

Yuma Energy Inc, the Texas oil explorer and producer, plans to raise between $110 million and $140 million in an initial public offering.

Houston-based Yuma, currently 65% owned by founder and chief executive Sam Banks, plans to sell 85 million new shares and between $25 million to $55 million of existing shares.

A book build is scheduled for November 25, when the IPO will be priced.

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