LandBridge IPO Price Indicating $18-$19/Share; IPO Priced At $17/Share On 14.5M Shares
Portfolio Pulse from Benzinga Newsdesk
LandBridge's IPO is priced at $17 per share, below the initial indication of $18-$19 per share, with 14.5 million shares being offered.
June 28, 2024 | 2:41 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
LandBridge's IPO is priced at $17 per share, which is below the initially indicated range of $18-$19 per share. The company is offering 14.5 million shares.
The IPO pricing below the initial range may indicate lower-than-expected demand or a strategic decision to ensure full subscription. This could lead to a neutral short-term impact as the market digests the pricing information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100