RSP Permian launches IPO

RSP Permian Inc.

RSP Permian Inc. has begun its initial public offering of 20 million shares of its common stock, at an anticipated IPO price between $19.00 and $21.00 per share. The company is offering 9,225,000 shares of its common stock, and the selling stockholders named in the registration statement are offering 10,775,000 shares of the company’s common stock.

The selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 3 million shares of the company’s common stock from the selling stockholders if the underwriters sell more than 20 million shares of the company’s common stock to cover overallotments. The company has been approved to list its common shares on the New York Stock Exchange (NYSE) under the symbol “RSPP,” subject to official notice of issuance.

Barclays, JP Morgan, Tudor, Pickering, Holt & Co., Raymond James, RBC Capital Markets, and UBS Investment Bank will act as joint book-running managers for this offering.

RSP Permian Inc. focuses on the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...