Initial Public Offering
Baird served as a senior co-manager on this offering
AboutViper Energy Partners LP (“Viper” or the “Partnership”) (NASDAQ: VNOM) a subsidiary of Diamondback Energy, Inc. ("Diamondback") (NASDAQ: FANG), recently completed an initial public offering of 5,750,000 common units at a price of $26.00 per unit, generating gross proceeds of $149.5 million. The Partnership intends to distribute the proceeds from the offering to Diamondback.
Viper is a limited partnership formed by Diamondback that is engaged in owning, acquiring and exploiting oil and natural gas properties in North America, with an initial focus on the Permian Basin. The Partnership is headquartered in Midland, Texas.
For additional information about this transaction, please contact:
- June 2014
- Viper Energy Partners LP
- Target Location
- North America