HOUSTON, July 28, 2014 (GLOBE NEWSWIRE) -- Spark Energy, Inc., a Delaware corporation ("Spark"), announced the pricing of an initial public offering of 3,000,000 shares of its Class A common stock at $18.00 per share. The shares are expected to begin trading tomorrow on the NASDAQ Global Select Market under the ticker symbol "SPKE."
The company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of Class A common stock to cover over-allotments, if any. The offering is expected to close on or about August 1, 2014, subject to customary closing conditions.
Robert W. Baird & Co. Incorporated and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the offering. Janney Montgomery Scott LLC, Wunderlich Securities, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, J.J.B. Hilliard, W.L. Lyons, LLC, Drexel Hamilton, LLC, Halliday Financial LLC, USCA Securities LLC, SG Americas Securities, LLC, Natixis Securities Americas LLC and RB International Markets (USA) LLC are acting as co-managers of the offering.
The offering is being made only by means of a prospectus. Potential investors can obtain a prospectus from:
| Robert W. Baird & Co. Incorporated | Stifel, Nicolaus & Company, Incorporated | |
| Attention: Syndicate Department | 1 South Street, 15th Floor | |
| 777 E. Wisconsin Avenue | Baltimore, Maryland 21202 | |
| Milwaukee, WI 53202 | Telephone: 855-300-7136 | |
| Telephone: 800-792-2473 | Email: syndprospectus@stifel.com | |
| Email: syndicate@rwbaird.com | ||
Important Information
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. To obtain a copy of the prospectus free of charge, visit the SEC's website, www.sec.gov , and search under the registrant's name, "Spark Energy, Inc." This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About Spark Energy, Inc.
Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 16 states and serves 46 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs, green products, and potential cost savings.
Cautionary Note Concerning Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Spark's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Spark's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Spark does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Spark to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with our initial public offering. The risk factors and other factors noted in our prospectus could cause our actual results to differ materially from those contained in any forward-looking statement.
Spark Energy, Inc. Investors: Andy Davis, 832-200-3727 Media: Jenn Korell, 281-833-4151
