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An announcement from Viper Energy ( (VNOM) ) is now available.
On January 30, 2025, Viper Energy, Inc. entered into an Underwriting Agreement for a public equity offering, issuing a total of 28,336,000 shares of Class A common stock, generating approximately $1.2 billion in net proceeds. This capital is intended to fund a pending acquisition of subsidiaries from its parent, Diamondback Energy, Inc., or for general corporate purposes if the acquisition does not close. The Offering, priced at $44.50 per share, was upsized from an originally proposed 22,000,000 shares to 24,640,000 shares, with underwriters fully exercising their option to purchase additional shares.
More about Viper Energy
Viper Energy, Inc. is a publicly traded Delaware corporation that focuses on owning and acquiring mineral and royalty interests in oil and natural gas properties, primarily located in the Permian Basin.
YTD Price Performance: -5.96%
Average Trading Volume: 1,087,699
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.84B
See more data about VNOM stock on TipRanks’ Stock Analysis page.
