I know you’ve been waiting for it, and it’s about to happen. According to Renaissance Capital, the Sandridge Mississippian Trust II IPO is set to happen on NYSE this week. A SandRidge trust in the energy space, it is planning to bring in up to $520 mn in fresh capital through an offer of 26 mn shares priced $19 to $21 each. If it hits the mid-point, the market cap will be just under $1 bn. SandRidge Mississippian Trust II will trade under the symbol IPO on NYSE.
Source: Renaissance Capital