Land management company EagleRock is targeting a valuation of up to $2.6 billion in its initial public offering in the United States, as it seeks to tap renewed investor interest in the energy sector.
The Houston-based company said it was aiming to raise up to $346 million in the IPO by offering 17.3 million shares priced between $17 and $20 apiece.
Goldman Sachs, Barclays, J.P. Morgan, Piper Sandler and Raymond James are among the underwriters for the offering.
EagleRock intends to list its shares on the NYSE under the symbol “EROK.”
(Reporting by Pragyan Kalita in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)