Midstates Petroleum Company, a oil and natural gas E&P with 92 producing wells in Louisiana, announced terms for its IPO on Wednesday. The Houston, TX-based company plans to raise $408 million by offering 24 million shares (25% insider) at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Midstates Petroleum Company would command a market value of $1.1 billion. Midstates Petroleum Company plans to list on the NYSE under the symbol MPO. Goldman Sachs, Morgan Stanley and Wells Fargo are the lead underwriters on the deal.
