Woodland, Texas-CVR Energy Inc., the owner of Coffeyville Resources, the refinery and nitrogen producer with plants in Coffeyville, Kan., is increasing the amount of stock it wants to sell under its IPO (GM Sept. 17, p. 1). CVR now wants to sell 18.5 million shares, valued at $425.5 million, versus the prior 15.5 million valued at $375.0 million. In both cases, there would be total shares of 81.6 million, with the percentage going into the IPO increasing to 22.7 percent from 19 percent. CVR will use the proceeds from the IPO to pay off loans.
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