Major Marcellus Landowner WhiteHawk Minerals Seeks $187M via IPO

Earlier this month, MDN told you that WhiteHawk Energy (undergoing a rename to WhiteHawk Minerals), a natural gas mineral and royalty interest owner in the Marcellus and Haynesville plays, with over 3.4 million gross acres under lease for drilling, was teeing up for an initial public offering (see Major Marcellus Landowner WhiteHawk Energy Files for IPO). Here we are more than two weeks later, and the company is finally pulling the trigger on its IPO. WhiteHawk Minerals, headquartered in Philadelphia, PA, is seeking a valuation of up to $701.2 million in its U.S. IPO, offering about 6.9 million shares at $25 to $27 per share to raise up to $187 million.

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