Tamboran Resources Limited (AU:TBN) has released an update.
Tamboran Resources Corporation has announced the launch of its IPO on the New York Stock Exchange with shares priced between US$24 and US$27, aiming to raise funds for its Shenandoah South Pilot Project in the Beetaloo Basin. With plans to reach a Final Investment Decision by mid-2024, the company intends to use the capital for drilling, infrastructure, and general working capital needs. Tamboran’s shares will trade under the ticker ‘TBN’ on the NYSE, in addition to its presence on the Australian Securities Exchange.
For further insights into AU:TBN stock, check out TipRanks’ Stock Analysis page.
