Intrepid Potash IPO: Finance Trading Times

Intrepid Potash IPO

One more IPO is planned for the US markets. Intrepid Potash Inc had initially indicated its planned size for the IPO.
However, now it seems to have raised size of the IPO.

What is the new size of the Intrepid Potash IPO?
The new size of the Intrepid Potash IPO is set to be 30 million shares. Initially it was only 24 million shares.

What is the price band of the Intrepid Potash IPO?
The price band for the Intrepid Potash IPO is $27 to $29. The initial price was $24 to $26 per share.

Who are the lead underwriters for the Intrepid Potash IPO issue?
Morgan Stanley, Merrill Lynch & Goldman Sachs are the lead underwriters for the IPO, Intrepid Potash said in a filing with the U.S. Securities and Exchange Commission.

What is the business of Intrepid Potash?
As per the website of Intrepid Potash, Intrepid Mining LLC is the largest producer of potash (potassium chloride) in the United States. In addition, it produces three valuable byproducts: Solar Salt, Magnesium Chloride brine and Sulfate of Potash Magnesia.

Potash is a critical fertilizer, providing one of eight essential nutrients and is vital to the creation of protein. It is necessary and widely used to grow corn, wheat, soybeans, potatoes, hay and numerous other crops. The United States currently imports almost 85% of its potash needs.

Headquartered in Denver, Colorado, Intrepid Mining LLC has two production facilities in Utah and three in New Mexico. These subsidiaries are named: Intrepid Potash Moab, Intrepid Potash Wendover, and Intrepid Potash New Mexico. These companies collectively employ approximately 705 people.
Let’s see how this IPO performs in the markets. Table of Contents
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