Silver Run Acquisition, a blank check company formed by Mark Papa and Riverstone to acquire an energy business, filed and set terms for its IPO on Wednesday.
The Houston, TX-based company plans to raise $400 million by offering 40 million units at a price of $10. At the that price, Silver Run Acquisition would command a market value of $500 million.
Silver Run's IPO filing follows that of another energy-focused blank check company - KLR Energy Acquisition (KLREU) - which filed for a $130 million IPO last week.
Silver Run Acquisition was formed in 2015 and plans to list on the Nasdaq under the symbol SRAQU. Deutsche Bank, Citi and Goldman Sachs are the joint bookrunners on the deal. IPO timing was not disclosed.
