Permian Basin pure-play Diamondback Energy said Monday that its midstream subsidiary, Rattler Midstream, is launching an initial public offering (IPO) priced at $16-$19 per common unit. The Midland-based company said it plans to offer 33.3 million common units in Rattler, raising $533 million-$633 million. The underwriters of the offering, which includes a host of prominent investment banks, have the option to purchase an additional 5 million common units.
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