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Encana Upsizes PrairieSky IPO

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May 21, 2014

Encana Corp. (NYSE: ECA, TO: ECA.TO) increased the size of its IPO for PrairieSky Royalty Ltd. to as much as C$1.46 billion (US$1.34 billion) in what would be one of the country’s largest IPOs, Bloomberg said May 21.

Encana boosted the number of shares it plans to sell in its royalty unit to 52 million from 32.5 million and the price range to C$26.50 to C$28 per share, according to a statement. Encana initially sought to sell shares for C$23 to C$26.50 apiece to raise C$747.5 million to C$861.3 million, ...

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