Permian land firm EagleRock launches IPO targeting up to $400 million
(WO) - EagleRock Land has launched an initial public offering that could raise nearly $400 million at the top end of its pricing range, highlighting investor interest in Permian basin land and royalty positions.
The company plans to offer 17.3 million shares priced between $17 and $20 each, with an option to sell additional shares that would bring total proceeds to roughly $398 million if fully exercised.
EagleRock controls surface acreage in the core of the Permian basin, providing access to land, infrastructure and resources supporting oil and gas development.
The company has applied to list its shares on the New York Stock Exchange under the ticker symbol “EROK.”
