Vine Energy Inc.

Vine Energy Inc. (VEI) priced its initial public offering on Mar 19, 2021 at $14.00 per share, below its $16.00–$19.00 range, raising $301M, and listed on NYSE. At the IPO price its market capitalization was about $529.3M. Citigroup was lead-left underwriter, joined by Credit Suisse, Morgan Stanley and Barclays and others. Kirkland & Ellis advised the company and Vinson & Elkins advised the underwriters.

Vine Energy Inc. is an energy company focused on developing natural gas properties in the stacked Haynesville and Mid-Bossier shale plays of the Haynesville Basin in Northwest Louisiana. It is a holding company whose main asset is its interest in Vine Holdings.

Status

IPO

Ticker

VEI

Exchange

NYSE

Priced

Mar 19, 2021

IPO price

$14.00

Price range

$16.00–$19.00

Raised

$301M

Market cap at IPO price

$529.3M

First filed

Apr 10, 2017

Underwriters

Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA Securities, RBC Capital Markets, Capital One, KeyBanc, MUFG CastleOak, Drexel Hamilton and Ramirez & Co.

Company counsel

Kirkland & Ellis

Underwriters' counsel

Vinson & Elkins

Sector

Energy, mining & utilities

Country / state

TX

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