The Athens-based company purchases marine fuel from refineries, major oil producers and other sources before reselling the products.

The company’s shares closed at $16.02 on Friday, up 14% from the IPO price.

Penn Virginia GP Holdings, L.P. (PVG: chart) priced its initial public offering of 6.3 million common units at $18.50 per unit, within the forecast range, raising $116.6 million.

A month ago, the company cut the price range from the original $19 to $21 and increased the offering size from 6 million shares.

The offering represents an approximate 16.4% limited partner interest in the company.

The underwriters have a 30-day option to buy up to 945,000 additional common units.

Lehman Brothers and UBS Securities acted as lead managers of the offering.

The Radnor, Pennsylvania-based company is a partnership formed to own the general partner interest, all of the incentive distribution rights and approximately 41.1% of the limited partner interests in Penn Virginia Resource Partners, L.P. (PVR: chart).

The company’s shares closed at $18.01 on Friday, almost unchanged from the IPO price

IPO CALENDAR – week of December 11th

The Palo Alto-based biotech Affymax (AFFY: chart) plans to offer 3.5 million shares within a price range of $22-$24 a share, in a bid to raise $96.6 million. Morgan Stanley will be the lead manager on the deal.

The Massachusetts-based machine maker Altra Holdings (AIMC: chart) plans to offer 10 million shares within a price range of $14-$16 a share, in a bid to raise $172.5 million. Merrill Lynch will be the manager on the deal.

The San Diego-based biotech Artes Medical (ARTE: chart) plans to offer 4.6 million shares within a price range of $12-$14 a share, in a bid to raise $74.1 million. Cowen & Company and Lazard will be the underwriters on the deal.

Oil and gas producer Atlas Energy Resources (ATN: chart) plans to offer 6.3 million units within a price range of $19-$21 per unit, in a bid to raise $152.7 million. UBS will be the manager of the deal.

The Houston-based diving company Cal Dive International (DVR: chart) plans to offer 22.2 million shares within a price range of $14-$16 a share, in a bid to raise $408 million. The deal will be managed by Banc of America and J.P. Morgan.

The Syracuse-based company Carrols Restaurant Group (TAST: chart) plans to offer 15 million shares within a price range of $14-$16 a share, in a bid to raise $276 million. Wachovia and Banc of America will underwrite the deal.

The Denver-based REIT DCT Industrial (DCT: chart) plans to offer 15 million shares within a price range of $11.50-$12.50 a share, in a bid to raise $215.6 billion. Merrill Lynch and Wachovia will underwrite the deal.

The Massachusetts-based software developer Double-Take Software (DBTK: chart) plans to offer 7.5 million shares within a price range of $9-$11 a share, in a bid to raise $95 million. Cowen & Company and Thomas Weisel will manage the deal.

The New York-based blank check company Freedom Acquisition Holdings ((FRH.U)) plans to offer 37.5 million units at $8 per unit, in a bid to raise $345 million. Citigroup and Ladenburg Thalmann will underwrite the deal.

The Limerick, Ireland-based aircraft lessor Genesis Lease (GLS: chart) plans to offer 27.9 million American depositary shares within a price range of $21-$23 a share, in a bid to raise $737 million. Citigroup and J.P. Morgan will be the manager on the deal.

The Pasadena-based software developer Guidance Software (GUID: chart) plans to offer 5 million shares within a price range of $12.50-$14.50 a share, in a bid to raise $83.4 million. Morgan Stanley, Lehman Brothers, Wachovia and A.G. Edwards will manage the deal.


The Massachusetts-based fiber laser maker IPG Photonics (IPGP: chart) plans to offer 9 million shares within a price range of $13.50-$15.50 a share, in a bid to raise $160.4 million. Merrill Lynch and Lehman Brothers will underwrite the deal.