Berry Petroleum, a California-based onshore oil production company, raised $183 million by offering 13.0 million shares at $14 (33% insider selling), including 8.7 million new primary shares. The company originally filed to raise $300 million by offering 18.75 million shares at a range of $15 to $17 (57% insider selling), including 8.0 million new primary shares. Berry Petroleum plans to list on the Nasdaq under the symbol BRY. Goldman Sachs, Wells Fargo Securities, BMO Capital Markets, Evercore ISI and UBS Investment Bank acted as lead managers on the deal.
