Sept 12 (Reuters) - Colombia's state-controlled oil company Ecopetrol SA ECO.CN on Friday filed with U.S. regulators to register 20 million American depositary shares at a maximum aggregate price of 5 cents each.
Each American depositary share represents 20 ordinary shares of Ecopetrol, the company said in a filing with the U.S. Securities and Exchange Commission.
JP Morgan Chase Bank is the depository bank for Ecopetrol.
The company, which expects to list its shares on the New York Stock Exchange by the fourth quarter, had raised $2.8 billion last November in its initial public offering in Colombia.
Shares of the company were trading at 2,695 pesos after touching a seesion high of 2,795 pesos on Colombia’s stock market. (Reporting by Shivani Singh in Bangalore; Editing by Savio D’Souza)
Our Standards: The Thomson Reuters Trust Principles.