Reported Earlier, LandBridge Prices IPO at $17 per Share, Begins NYSE Trading June 28
Portfolio Pulse from Benzinga Newsdesk
LandBridge Company LLC has priced its IPO at $17 per share and will begin trading on the NYSE under the ticker symbol 'LB' on June 28, 2024. The company expects to raise approximately $236.1 million from the offering and a concurrent private placement, with potential to increase to $270.9 million if underwriters exercise their option to purchase additional shares.
June 28, 2024 | 7:18 am
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LandBridge's IPO is priced at $17 per share, with trading set to begin on June 28, 2024, on the NYSE. The company expects to raise significant capital, which could positively impact its stock price in the short term.
The IPO pricing and the commencement of trading on the NYSE are significant events that typically generate investor interest and can lead to a positive short-term impact on the stock price. The substantial capital raise further supports this positive outlook.
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