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Enduro Royalty Trust postpones $330 million IPO amid market turmoil

August 8, 2011

Enduro Royalty Trust, which owns a net profits interest in oil and gas properties across Texas, Louisiana and New Mexico, postponed its IPO on Monday amid stock market turmoil. The Austin, TX-based company had expected to raise $330 million by offering 13.2 million trust units at a price range of $24 to $26. Barclays Capital, Citi and Goldman, Sachs & Co. were set to be the lead underwriters on the deal.