Blackstone Minerals launches 22.5 million common stock IPO

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Houston-based Black Stone Minerals, LP announced yesterday the launching of its initial public offering (IPO) of 22.5 million common units.

The registration was filed with the US Securities Exchange Commission (SEC), and the stock will trade on the New York Stock Exchange (NYSE) under the ticker symbol “BSM.”

The company anticipates granting an additional 3.375 million common units to the underwriters at the IPO offering price.


According to the SEC filing, Blackstone is planning on pricing the units between $19 and $21 each.

Barclays, Band of America Merrill Lynch, Citigroup, Credit Suisse, and Wells Fargo Securities, are acting as joint book-running managers for the offering. J.P. Morgan, Morgan Stanley, Raymond James, Scotia Howard Weil, and Simmons & Company International are acting as co-managers for the offering.

Blackstone is the second master limited partnership to go public in 2015; the first was Houston-based Columbia Pipeline Partners LP (NYSE: CPPL).

The firm is one of the largest oil and gas mineral and royalty companies in the US with approximately 16.7 million acres in 41 states.


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