"Economic Uncertainty Not Slowing Houston Energy IPOs," Houston Business Journal
In a volatile market where uncertainty has caused companies in some industries to think twice about going public, the energy industry has been moving forward with a recent wave of IPO. Managing Partner Rob Reedy commented on this trend and why he believes it will continue.
"Rob Reedy, managing partner at Porter Hedges LLP in Houston, represented underwriters Johnson Rice & Co. in the Sanchez Energy IPO. He said pioneering advances in technology — and the associated costs — also have moved companies to consider going public.
'The technology has made a tremendous revolution in the business, but it’s also expensive. You need capital to get these projects done,' he said.
When energy companies need to raise capital, the markets are typically receptive, Reedy said. Investments in commodities — such as oil and gas — are viewed as a good place to put money."
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