trending Market Intelligence /marketintelligence/en/news-insights/trending/xZjw1F9xj2C_PaSksj4lqg2 content esgSubNav
In This List

Riverstone-backed Silver Run II completes $1.04B IPO

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Firms Realize the Value of Data Driven Decision Making


Riverstone-backed Silver Run II completes $1.04B IPO

Riverstone Holdings LLC-backed Silver Run Acquisition Corp. II announced the completion March 29 of its initial public offering.

Silver Run II shares began trading March 24 on the Nasdaq Capital Market under the ticker "SRUNU." The IPO was priced at $10 per unit, and the company reported proceeds of $1.04 billion.

The limited liability firm, created for the purpose of mergers, capital stock exchanges, asset acquisitions, stock purchases or reorganization, traded 103,500,000 units, including 13,500,000 additional units issued to the underwriters of their over-allotment option.

Each unit comprises one class A common stock and one-third of a warrant. Three warrants are tradable for on common stock at a price of $11.50 per share, the company said.

The stocks and warrants are expected to trade separately on Nasdaq Capital Market under the tickers of "SRUN" and "SRUNW," respectively.

Citigroup, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. served as joint bookrunners for the offering.