05:14 AM EDT, 06/18/2024 (MT Newswires) -- Tamboran Resources said Monday it launched an initial public offering on the New York Stock Exchange of 6.5 million shares of the company's common stock at a targeted price range of $24 to $27 per share.

The natural gas company granted the underwriters a 30-day option to purchase up to 975,000 additional shares.

Once the IPO is complete, the shares will trade on the New York Stock Exchange under the ticker "TBN," the company said.