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(Reuters) – WhiteHawk Minerals is targeting a valuation of up to $701.2 million in its U.S. initial public offering, as the natural gas mineral and royalty firm looks to tap investor appetite for domestic energy assets.
The Philadelphia, Pennsylvania-based company is seeking up to $187 million by offering roughly 6.9 million shares priced between $25 and $27 apiece, it said on Tuesday.
WhiteHawk Minerals will list on the New York Stock Exchange under the symbol “WHK”.
Raymond James, Stifel and J.P. Morgan are joint lead bookrunners for the offering.
Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore
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