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Viper Energy Partners Closes IPO

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June 24, 2014

On June 23, Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc. (NASDAQ: FANG) said with Diamondback in a press release that it closed its IPO priced at $130 million.

Viper had offered about 5.7 million common units, representing limited partner interests, at $26 each, the press release said. This amount included 750,000 units that were part of the underwriters’ overallotment option, the release added.

The common units sold to the public represent about 8% limited partner interest in Viper. Diamondback owns the remaining limited partner interest in Viper ...

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