Kimbell Royalty Partners Prices Initial Public Offering

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Go back to Kimbell Royalty Partners Prices Initial Public Offering

Kimbell Royalty Partners (KRP) IPO Opens Flat, Trades Modestly Higher

February 3, 2017 10:45 AM EST

Today's IPO for Kimbell Royalty Partners, LP (NYSE: KRP) opened for trading earlier at $18.11 after pricing its initial public offering of 5,000,000 common units representing limited partner interests at a price of $18.00 per common unit, below the expected $19-$21 range. Shares have moved higher to $18.85.

The Partnership has granted the underwriters of the offering a 30-day option to purchase up to an additional... More