- Viper Energy Partners, the oil and gas E&P in the Permian Basin spun out of Diamondback Energy (FANG), says plans to raise $100M by offering 5M shares at a price range of $19-$21; the IPO is expected to price during the week of June 16.
- At the midpoint of the proposed range, Viper would command a fully diluted market value of $1.5B.
- Viper, which booked $31M in royalty interest for the six months ended March 31, plans to list on Nasdaq under the ticker VNOM.
- FANG +1.2% premarket.
at Nasdaq.com (Mon, 11:12AM)