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LB

LandBridge Company LLC

https://www.landbridgeco.com

Industry

Oil & Gas Equipment & Services

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

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Goldman Sachs has initiated coverage on LandBridge (NYSE:LB) with a Buy rating and set a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:37 am

LandBridge Company LLC raised $270.9 million through its IPO and concurrent private placement, with shares now trading on the NYSE under the ticker symbol 'LB'.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:07 am

LandBridge's IPO is priced at $17 per share for 14.5 million shares, with an indication price of $18.50 per share on 272,300 shares.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 4:12 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:41 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:18 am

LandBridge Company LLC (NYSE:LB) is set to start trading on the NYSE on June 28, with shares priced between $19.00 and $22.00. The insider lock-up period will last until December 25, 2024.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 3:00 pm

Three companies are set to go public this week: LandBridge Company LLC (NYSE:LB) on June 28, WEBTOON Entertainment Inc (NASDAQ:WBTN) on June 27, and WORK Medical Technology Group LTD (NASDAQ:WOK) on June 26. Each company has set a price range and will have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

June 23, 2024 | 6:26 pm

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