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Energy-Focused Pure Acquisition Tops Target With $360M IPO

Law360 (April 13, 2018, 6:38 PM EDT) -- Texas-based Pure Acquisition Co. kicked off trading on the Nasdaq Friday after scoring $360 million in an upsized initial public offering priced the night before, as the special purpose acquisition company looks for an investment opportunity in the energy space.

The public debut comes after Pure Acquisition sold 36 million units in its IPO late Thursday, up from the 34.5 million it had initially planned to offer, for $10 apiece, according to a statement.

Pure Acquisition's stock started trading Friday morning at $10.10 apiece under the...
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