MNRL Sub Inc.

MNRL Sub Inc. (MNRL) priced its initial public offering on Apr 19, 2019 at $18.00 per share, within its $15.00–$18.00 range, raising $261M, and listed on NYSE. At the IPO price its market capitalization was about $874.8M. Credit Suisse was lead-left underwriter, joined by Goldman Sachs, Barclays and RBC Capital Markets and others. Vinson & Elkins advised the company and Latham & Watkins advised the underwriters.

MNRL Sub Inc. is a company formed in 2012 to acquire and manage mineral and royalty interests in liquids-rich oil and gas basins in the continental United States. Its portfolio spans the Permian Basin, the Anadarko Basin's SCOOP and STACK plays, the DJ Basin and the Williston Basin.

Status

IPO

Ticker

MNRL

Exchange

NYSE

Priced

Apr 19, 2019

IPO price

$18.00

Price range

$15.00–$18.00

Raised

$261M

Market cap at IPO price

$874.8M

First filed

Mar 18, 2019

Underwriters

Credit Suisse, Goldman Sachs, Barclays, RBC Capital Markets, UBS, Wells Fargo, Raymond James and Holt

Company counsel

Vinson & Elkins

Underwriters' counsel

Latham & Watkins

Sector

Energy, mining & utilities

Country / state

CO

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.