Freeport-McMoRan Oil & Gas Files For IPO

(RTTNews) - Freeport-McMoRan Inc. (FCX) said Tuesaday that its wholly-owned subsidiary, Freeport-McMoRan Oil & Gas Inc., has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to its potential initial public offering of Class A common stock representing a minority interest in Freeport-McMoRan Oil & Gas.

The size of the offering or its estimated price range was not disclosed. The company said in the filing that the proposed maximum aggregate offering price will be $100 million, which is solely used for calculating the resistration fee.

Freeport-McMoRan Oil & Gas plans to apply to list the common stock on the New York Stock Exchange under the ticker "FMOG."

Barclays will act as book-runner for the proposed IPO.