Talos Energy slides as Apollo, Riverstone sell shares in secondary offering

Riverstone Holdings

09/11/2021 13:36

** Talos Energy  TALO.N  shares down 7.4% at $12.08
premarket after secondary offering prices
    ** O&G producer late Mon announced 6 mln shares sold by
Apollo Global Management  APO.N  and Riverstone Holdings
 urn:newsml:reuters.com:*:nPn4CnQL4a
    ** Offering priced at $12.30, 5.7% discount to stock's last
sale, bottom of $12.30-$12.50 range marketed by underwriter JP
Morgan  urn:newsml:reuters.com:*:nL1N2RZ2WQ
    ** TALO has ~81.88 mln shares outstanding and ~52.5 mln of
public float, per Refinitiv data
    ** Shares up 58% YTD, but down from 2021 peak of $18.93 hit
on Jun 23

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))