EagleRock Land said Wednesday it has priced its initial public offering of 17.3 million class A shares at $18.50 per share.
The land management company expects to generate roughly $286.6 million in net proceeds from the transaction, the company said.
Meanwhile, underwriters have been granted a 30-day option to buy up to about 2.6 million additional shares, which would bring net proceeds to about $331.3 million.
The company's shares are expected to begin trading on the New York Stock Exchange and NYSE Texas this Thursday. The IPO is set to close Friday.
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