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 Raymond James & Associates and Morgan Stanley, while Wells Fargo and RBC Capital Markets served as co-lead managers.
Click here for the release from SandRidge Energy.