此次发行预计将于7月1日完成。Zhī tōng cáijīng APP learned that the oil asset acquisition company LandBridge (LB.US) has announced the terms of its initial public offering (IPO). The company will issue 14.5 million Class A shares at a price of $17 per share.
LandBridge has granted underwriters a 30-day option to purchase up to an additional 2.175 million Class A shares at the public offering price (minus underwriting discounts and commissions).
Class A shares are expected to begin trading on the New York Stock Exchange on June 28, 2024, under the ticker symbol "LB".
The offering is expected to be completed by July 1st.
Meanwhile, LandBridge has also agreed to issue 750,000 Class A shares to a qualified investor at a price of $17.00 per share.
LandBridge expects to receive approximately $236.1 million in net proceeds from the public and private offerings, which could increase to $290.9 million if the underwriters exercise their option to purchase additional Class A shares in full.
According to the introduction, LandBridge, established by Five Point Energy and its investment portfolio company WaterBridge, aims to acquire, manage and expand strategic land positions in the central Delaware Basin to support the development of WaterBridge's mass water treatment infrastructure and encourage wider industrial and commercial development. LandBridge owns about 220,000 acres of land in and around the Delaware Basin. The company has multiple sources of income, including the use of ground area, sales of land resources, and royalties from oil and gas licenses.
