Viper Energy's IPO could create $1.5B in value

摘要

Viper Energy Partners LP (VNOM), a Diamondback Energy Inc. (Nasdaq: FANG) spinoff, could create more than $1 billion in value in its IPO, according to analysts. Gabriele Sobara, an analyst for Topeka Capital Markets, said the IPO could be worth $1.2 billion. At press time, the company was planning to raise $100 million by offering 5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a fully diluted market value of $1.5 billion.