SandRidge Mississippian Trust II (SDR) expects to price its NYSE IPO of 26M shares $19-$21 each,...

|About: SandRidge Mississippian T... (SDR)|By:, SA News Editor

SandRidge Mississippian Trust II (SDR) expects to price its NYSE IPO of 26M shares $19-$21 each, which would raise up to $546M. That's below the $603.75M that the trust said it planned to raise in a filing in January. The trust - created to own royalty interest in oil and natural gas wells - is a unit of SandRidge Energy (SD). (filing)