Whiting Petroleum’s latest spinoff, Whiting USA Trust II, expects to raise $320 mn by selling 16 mn units priced $19 to $21. If this energy company hits the mid-point, it will attain a valuation of $368 mn. Whiting USA Trust II plans to trade on NYSE under the symbol WHZ. The lead underwriters are Raymond James and Morgan Stanley.

Click here for FREE email alerts from Inside IPO >>

Source: Renaissance Capital