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VOC Energy Trust increases proposed IPO deal size

April 26, 2011
VOC

VOC Energy Trust, a trust with a net profits interest in oil/natural gas properties in Kansas/Texas held by Vess Oil, raised the proposed deal size for its upcoming IPO on Monday. The Austin, TX-based company now plans to raise $222 million by offering 11.1 million units at a price range of $19 to $21. The company had previously filed to offer 10.8 million units. VOC Energy Trust, which was founded in 2010 and booked $63 million in sales last year, plans to list on the NYSE under the symbol VOC. Raymond James and Morgan Stanley are the lead underwriters on the deal, which is expected to price the week of May 2.