Pacific Coast Oil Trust, a formed by Pacific Coast Energy to own net profits interests in oil and natural gas wells, announced terms for its IPO on Thursday. The Austin, TX-based company plans to raise $350 million by offering 17.5 million units at a price range of $19 to $21. At the midpoint of the proposed range, Pacific Coast Oil Trust would command a market value of $772 million. Pacific Coast Oil Trust plans to list on the NYSE under the symbol ROYT. Barclays, Citi, BofA Merrill Lynch, J.P. Morgan, UBS and Wells Fargo are the joint bookrunners on the deal.
