RSP Permian Inc. opened an initial public offering (IPO) of 20 million common shares, at an anticipated price of $19-$21 per share on Jan. 7. More than nine million shares are offered, the company also said the same day.
And the selling stockholders—who are offering more than ten million shares—are also letting underwriters purchase an additional three million shares if they sell more than 20 million shares to cover overallotments, the company said.
The underwriters’ additional purchase option is for 30 days, the company added.
RSP will trade on the ...