LandBridge aims to raise up to $319 million in US IPO

By Thomson Reuters Jun 17, 2024 | 5:56 AM

(Reuters) – LandBridge, an acquirer of oil-rich lands in the Permian Basin, said on Monday it was looking to raise up to $319 million in its initial public offering in the United States.

The company said it plans to sell 14.5 million shares at a price between $19 and $22 each.

Goldman Sachs and Barclays are the lead underwriters for the IPO.

(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)