Permian Basin's LandBridge Company LLC priced its initial public offering (IPO) at $17 per share, below the marketed range of $19 to $22. The company raised $246.5 million through the IPO by offering 14.5mm shares. Despite the lower pricing, LandBridge's shares opened at $19 on the New York Stock Exchange (NYSE) and saw a 12% increase on their debut.
LandBridge shares jump 12% in NYSE debut #oott https://t.co/YBTiurHYxs
LandBridge shares jump 12% in NYSE debut https://t.co/Ru3XI4l5FC https://t.co/08lo9jZdo8
LandBridge Company LLC (LB) priced 14.5mm shares at $17.00 ($2 below the $19-$22 range) and Opened at $19.00 $LB
Oil land acquirer LandBridge prices IPO at $17, below the range $LB $IPO #IPO https://t.co/3nhWKrIHOl
Permian’s LandBridge Prices IPO Below Target for $246.5 Million #oott https://t.co/tfPjJp2x4G
Permian Basin's LandBridge misses IPO target, pricing shares below a marketed range to raise $246.5 million https://t.co/LGwlpRke82