Houston-based EagleRock raises $320.1 million in US IPO
EagleRock raised $320.1 million in its US initial public offering by pricing shares at $18.50. The land management firm begins trading on the NYSE on Thursday.
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EagleRock raised $320.1 million in its United States IPO on Wednesday, selling 17.3 million shares at $18.50 each. The price hit the midpoint of its $17 to $20 range as crude prices held above $100 per barrel. This offering tests investor appetite for Permian Basin land assets during a period of heightened geopolitical volatility and energy demand.
