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MI - Rattler Midstream will strike with $583MM IPO at midpoint - May 2019
Rattler Midstream LP launched an initial public offering of 33,333,333 common units representing limited partner interests at an anticipated price ranging $16-$19 each, which at midpoint would gross over $583 million. According to its S-1 registration statement filed with the Securities and Exchange Commission on May 13, Rattler anticipates granting underwriters an overallotment option of up to 5,000,000 common units.It’s the second subsidiary of Diamondback Energy to go public after upstream-focused Viper Energy Partners LP debuted on Nasdaq in June 2014.......
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