Brigham Minerals Inc.
Description
Brigham Minerals Inc. announced the pricing of its upsized IPO of 14.5 million shares of its Class A common stock at $18 per share. In addition, Brigham Minerals granted the underwriters a 30-day option to purchase up to an additional 2,175,000 shares of its common stock. The offering is expected to close on April 23, 2019, subject to customary closing conditions.
Brigham Minerals intends to contribute the total net proceeds of approximately $240.6 million, or $277.4 million if the underwriters exercise in full their option to purchase additional shares, to its subsidiary, Brigham Minerals Holdings LLC in exchange for limited liability company units in Brigham LLC.