Permian Landowner EagleRock Seeks to Raise $346 Million in IPO
People walk past the New York Stock Exchange.
Photographer: Michael M. Santiago/Getty ImagesEagleRock Land LLC, a Permian Basin landowner and management company, is seeking to raise as much as $346 million in a US initial public offering.
The Houston-based company plans to market 17.3 million shares for $17 to $20 each, according to a filing Monday with the US Securities and Exchange Commission. At the top of that range, EagleRock would have a market value of $2.6 billion based on the outstanding shares listed in its filing.