IPOs

Oil and gas royalty owner Brigham Minerals sets terms for $223 million IPO

Brigham Minerals, which owns oil and gas mineral royalty interests underlying 68,800 acres across the US, announced terms for its IPO on Tuesday.

The Austin, TX-based company plans to raise $223 million by offering 13.5 million shares at a price range of $15 to $18. At the midpoint of the proposed range, Brigham Minerals would command a fully diluted market value of $786 million.

Brigham Minerals was founded in 2012 and booked $67 million in sales for the 12 months ended December 31, 2018. It plans to list on the NYSE under the symbol MNRL. Credit Suisse and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of April 15, 2019.

The article Oil and gas royalty owner Brigham Minerals sets terms for $223 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest IPOs Videos

    Renaissance Capital

    Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

    Learn More