Aris Water Solutions Inc.
Priced IPO of about 17.7 million shares Class A common stock at a price to the public of $13 per share. Underwriters were also granted a 30-day option to purchase up to roughly an additional 2.6 million shares of stock at the public offering prices, less underwriting discounts and commissions. The Class A common stock is expected to begin trading on the NYSE on Oct. 22. Proceeds will be used for distributions to existing owners and for general corporate purposes. Goldman Sachs & Co. LLC and Citigroup are joint book-running managers and representatives of the underwriters. J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Barclays Capital Inc. and Evercore Group LLC are joint book-running managers.