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SandRidge Trust Raises $315M In IPO

SandRidge Mississippian Trust I has raised $315 million in an initial public offering.

SandRidge Mississippian Trust I has raised $315 million in an initial public offering (IPO). The statutory trust formed by SandRidge Energy has sold a total of 15 million of common shares at $21 per unit.

The size of the deal has been increased from an initially planned $262.5 million. The joint book-running managers of the offering were RaymondJames & Associates and Morgan Stanley, while Wells Fargo and RBC Capital Markets served as co-lead managers.

Click here for the release from SandRidge Energy.

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