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Will Extraction's IPO success start wave of oil patch offerings?

Oct 12, 2016 - The Deal Pipeline

Private equity-backed Extraction Oil & Gas (XOG) soared in its first day of trading on the Nasdaq exchange Wednesday, Oct. 12, despite oil prices falling back on word that OPEC's September oil output came in at eight-year highs.

Denver, Colo.-based Extraction, after announcing Tuesday it would list at $19 per share, above it's initial expectations of between $15 and $18 apiece, was trading at more than $22 per share shortly before the closing bell.

Extraction is the first oil and nat...