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Potassium chloride producer Intrepid Potash revises IPO terms

April 17, 2008
IPI

Intrepid Potash, the largest US-based producer of potash, amended the terms for its IPO in a filing with the SEC on Thursday. The company had originally planned to offer 24 million shares at an expected range of $24-$26. According to the latest filing, Intrepid now anticipates an offering of 30 million shares at a range of $27-$29. Under the new terms, net proceeds from the offering would be $787.1 million, 41% larger than expected in previous filings. Goldman Sachs, Merrill Lynch and Morgan Stanley are the lead underwriters on the deal, which is expected to price on or about April 21.