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Royal event: Kimbell Royalty Partners sets terms for $100 million IPO

Kimbell Royalty Partners LP, which owns 3.7 million acres of oil and gas mineral interests across the US, announced terms for its IPO on Wednesday.

The Fort Worth, TX-based company plans to raise $100 million by offering 5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Kimbell Royalty Partners LP would command a fully diluted market value of $327 million.

Kimbell Royalty Partners LP was founded in 2015 and booked $20 million in revenue for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol KRP. Raymond James, RBC Capital Markets and Stifel are the joint bookrunners on the deal. It is expected to price during the week of January 30, 2017.

The article Royal event: Kimbell Royalty Partners sets terms for $100 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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

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