EagleRock Land Goes Public at $3 Billion Valuation
EagleRock Land (EROK) completed its IPO on May 14 with a valuation of $3 billion, raising approximately $320 million by selling 17.3 million shares at $18.50 each. The stock opened higher and continued to rise during the first day as energy assets gained renewed investor interest amid high oil prices.
Tickers: $NEE
Topics: energy oil and gas Permian Basin real estate investment trusts (REITs)