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Chesapeake Granite Wash Trust files for a $584 million IPO

July 11, 2011

Chesapeake Granite Wash Trust, which owns royalty interests in established and horizontal development wells in western Oklahoma, filed on Thursday with the SEC to raise up to $584 million in an initial public offering. The Austin, TX-based company, which was founded in 2011, plans to list on the NYSE under the symbol CHKR. Morgan Stanley and Raymond James are the lead underwriters on the deal. No pricing terms were disclosed.