Sugar Land, Texas-CVR Energy Inc. on Nov. 18 announced the pricing of a registered underwritten secondary public offering of 18 million shares of CVR Energy’s common stock by certain of its stockholders at a public offering price of $10.75 per share. No shares were sold by the company, and it will not receive any proceeds from the offering. The selling shareholders include affiliates of Goldman, Sachs & Co. and Kelso & Co. LP, who will own approximately 19 percent and 24 percent of CVR’s outstanding common stock, respectively, after the offering. CVR’s CEO Jack Lipinski is also selling 70,000 shares of common stock in the offering for personal tax planning purposes. The size of the offering was increased from a previously announced 15 million shares, with the additional 3 million being sold by Goldman and Kelso.
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