Stock for Major Marc. Royalty Owner WhiteHawk Begins Trading Today

WhiteHawk Minerals (formerly WhiteHawk Energy), 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, launched an initial public offering (IPO) two weeks ago (see Major Marcellus Landowner WhiteHawk Minerals Seeks $187M via IPO). WhiteHawk, headquartered in Philadelphia, sought 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. The stock, running under the ticker WHK, is slated to begin trading on the New York Stock Exchange today.

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