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Penn Virginia IPO near top
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October 24, 2001: 5:45 p.m. ET
Cross Country IPO also hits top of range, sells 7.8M shares at $17 each
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NEW YORK (CNNmoney) - Penn Virginia Resources Partners LP, the latest energy-related initial public offering, came in near the top of its IPO range late Wednesday.
Radnor, Pa.-based Penn Virginia sold 6.5 million units at $21 each, via lead underwriters Lehman Brothers and UBS Warburg. The company had planned to sell 6.5 million units at $19.50 to $21.50 each.
Penn Virginia expects to trade Thursday under the New York Stock Exchange symbol "PVR."
The company is a unit of Penn Virginia Corp, which operates coal, natural gas and oil businesses.
Penn Virginia Resources does not operate any mines but enters into leases with operators to mine their coal reserves in exchange for royalty payments.
Cross Country Inc., one of the largest providers of healthcare staffing services in the United States, raised $132.6 million late Wednesday.
Cross Country sold 7.8 million shares at $17 each, the top of its $15 to $17 range, via lead underwriters Merrill Lynch and Salomon Smith Barney. The company expects to trade Thursday under the Nasdaq symbol "CCRN."
Cross Country receives nearly 80 percent of its revenue from travel nurse staffing services. Boca Raton, Fla.-based Cross Country also offers other professional staffing such as radiology technicians, rehabilitation therapists and respiratory therapists. The healthcare provider has more than 2,500 clients all over the U.S. 
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