IPO for Vine Energy (VEI) IPO Opens Modestly Lower

Today's IPO for Vine Energy Inc. (NYSE: VEI) opened for trading at $13.75 after pricing 21,500,000 shares of its Class A common stock at $14.00 per share.

Citigroup, Credit Suisse, Morgan Stanley, Barclays, BofA Securities and RBC Capital Markets are acting as joint book-running managers for the offering.

Based in Plano, TX, Vine Energy Inc. is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.

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