{"id":2754,"date":"2017-08-08T10:24:15","date_gmt":"2017-08-08T14:24:15","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2754"},"modified":"2017-08-08T10:24:15","modified_gmt":"2017-08-08T14:24:15","slug":"contura-energy-inc-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/contura-energy-inc-ipo-preview\/","title":{"rendered":"Contura Energy, Inc. IPO Preview"},"content":{"rendered":"

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Company: \u00a0\u00a0\u00a0\u00a0\u00a0<\/b>\u00a0<\/b>Contura Energy, Inc.<\/b><\/span>
\nSymbol: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0CTRA<\/span>
\nDescription: \u00a0 They are a large-scale, diversified provider of metallurgical (\u201cmet\u201d) and steam coal to a global customer base.<\/span>
\nShares: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a06 million<\/span>
\nPrice Range: \u00a0\u00a0$23.00-$27.00<\/span>
\nTrade Date: \u00a0 \u00a0 8\/10<\/span>
\nUnderwriter(s): Citigroup, Jefferies<\/span>
\nCo-Manager: Credit Suisse, UBS Investment Bank, Barclays, BMO Capital Markets, Clarksons Platou Securities, FBR, Seaport Global Securities<\/span><\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Investor Access<\/strong>: This deal can be accessed via the two\u00a0main underwriters and the six\u00a0co-managers.<\/p>\n

Business<\/strong>:<\/p>\n

Their predecessor total revenues were $1.59 billion, $1.36 billion, and $1.30 billion and their net loss was $52.3 million, $417.6 million and $78.1 million in 2014, 2015, and 2016, respectively. Their successor total revenues in the first quarter of 2017 increased 122% to $573.4 million and their bottom line increased to a $37.3 million gain from a $32.6 million loss, compared to the predecessor results in the same quarter in the previous year.<\/p>\n

They operate high-quality coal mines across three major U.S. coal basins complemented by a robust Trading and Logistics business. Their portfolio of mining operations consists of six mining complexes, comprised of nine underground mines, four surface mines and four coal preparation plants. To supplement their mining operations, they operate a Trading and Logistics business that focuses on the sale of third-party coal into the international market. A strategic cornerstone of this business is their 65.0% interest in Dominion Terminal Associates (\u201cDTA\u201d), a coal export terminal. DTA provides them with the ability to fulfill a broad range of customer coal quality requirements through coal blending, while also providing storage capacity and transportation flexibility. Their met coal business, together with their Trading and Logistics business, is expected to sell approximately 8.8 million tons of coal in 2017.<\/p>\n

Competition:<\/strong>\u00a0They compete for U.S. sales with numerous coal producers in the Appalachian region, and the Illinois basin, and with western coal producers.\u00a0 \u00a0In the export met coal market we compete with producers from Australia and Canada and with other international producers on many of the same factors as in the U.S. market. Competition in the export market is also impacted by fluctuations in relative foreign exchange rates and costs of inland and ocean transportation, among other factors.<\/p>\n

ENERGY IPOS in 2017:<\/strong><\/p>\n

\"EnergyIPOsin2017\"<\/a><\/p>\n

SPECIAL DIVIDEND:\u00a0<\/strong><\/p>\n

On June 16, 2017, our board of directors authorized and declared a special cash distribution of approximately $92.8 million in the aggregate (the \u201cSpecial Dividend\u201d), payable to eligible holders of record of our common stock as of the close of business on July 5, 2017. In addition, pursuant to the award adjustment provisions of the MIP, certain payments in an amount equal to the Special Dividend per share (approximately $7.9 million in the aggregate (including the amounts payable with respect to each share underlying outstanding stock option awards and restricted stock unit awards and outstanding restricted common stock under the MIP) based on the number of shares underlying outstanding MIP awards) were required to be paid to MIP participants with respect to their outstanding MIP awards. The aggregate amount of the Special Dividend and the related payments pursuant to the MIP is $100.7\u00a0million.<\/div>\n
<\/div>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, we have our latest performance results with commentary from the month of May\u00a0by\u00a0<\/span>clicking here<\/span><\/a>.<\/span><\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Contura Energy, Inc. Symbol: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0CTRA Description: \u00a0 They are a large-scale, diversified provider of metallurgical (\u201cmet\u201d) and steam coal to a global customer base. Shares: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a06 million Price Range: \u00a0\u00a0$23.00-$27.00 Trade Date: \u00a0 \u00a0 8\/10 Underwriter(s): Citigroup, Jefferies Co-Manager: Credit Suisse, UBS Investment Bank, Barclays,[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1311],"class_list":["post-2754","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-ctra"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=2754"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2754\/revisions"}],"predecessor-version":[{"id":2813,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2754\/revisions\/2813"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}