Viper Energy prices upsized Class A common stock offering at $44.50 per share.

From GlobeNewswire: 2025-01-30 20:28:45

Viper Energy, Inc. (NASDAQ: VNOM) priced a public offering of 24,640,000 shares of Class A common stock at $44.50 per share, totaling $1.1 billion in net proceeds. The offering represents a 2,640,000 share upsize from the original proposal, with an option for an additional 3,696,000 shares. Proceeds will fund an acquisition from Diamondback Energy, Inc. The offering is set to close on February 3, 2025, led by J.P. Morgan, Citigroup, Mizuho, and Morgan Stanley. The Class A common stock will be issued under an effective registration statement. Forward-looking statements caution risks associated with the offering.



Read more at GlobeNewswire: Viper Energy Announces Pricing of Upsized Class A Common