Permian-focused Landbridge's shares jump on market debut

LandBridge LLC

28/06/2024 18:11

** Shares of Landbridge  LB.N , a landowner in the oil-rich
Permian Basin in the United States, jump 20% to $20.40
    ** Company starts trading at $19 per share in New York Stock
Exchange debut
    ** Company raised $246.5 mln by selling 14.5 mln shares at
$17 apiece, below its marketed range of $19 to $22

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))