We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Akin Gump Guides Diamondback Unit On Upsized $665M IPO

Law360 (May 23, 2019, 4:47 PM EDT) -- Diamondback Energy unit Rattler Midstream hit the market Thursday after pricing shares in an upsized initial public offering that saw the Akin Gump-led oil and gas services company pick up $665 million.

Rattler Midstream LP on Wednesday priced 38 million shares at $17.50 apiece, the midpoint of its range of $16 to $19 per share. Rattler stock rose $1.74, or 10%, to close at $19.24 Thursday.

The company is offering around 4.7 million more shares than initially anticipated when it set its price range. Rattler Underwriters also have the option of buying an additional 5.7 million shares — up from 5 million...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!