Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Viper Energy ( (VNOM) ) just unveiled an update.
Viper Energy, Inc. announced an upsized public offering of 10 million shares of its Class A common stock at $42.50 per share, with an option for underwriters to purchase an additional 1.5 million shares. The offering aims to raise approximately $413.7 million, or $475.9 million if the option is fully exercised, to fund part of an acquisition of mineral and royalty interests. The deal, managed by Goldman Sachs & Co. LLC and others, is expected to close on September 13, 2024, and is part of Viper’s broader strategy to expand its asset base in the energy sector.
For detailed information about VNOM stock, go to TipRanks’ Stock Analysis page.