Talos Energy has priced its underwritten public offering of 8.25 million shares of common stock of the company for roughly $73.4 million before fees and expenses.
Additionally, the company has granted the underwriter an option to purchase up to an additional 1.3 million shares of common stock.
The company expects to use the net proceeds from the IPO to facilitate its general financing strategy and to repay a portion of its outstanding debt, as well as for general corporate purposes.
The offering is expected to close on Dec. 11.
