Diamondback Energy Completes IPO; Sees Proceeds About $204.6M
Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback Energy") today announced the completion of its initial public offering of 12,500,000 shares of common stock at a public offering price of $17.50 per share (the "Diamondback Energy IPO"). Diamondback Energy's common stock commenced trading on The Nasdaq Global Select Market on October 12, 2012 under the ticker symbol "FANG." The closing of the Diamondback Energy IPO took place on October 17, 2012. The underwriters have a 30-day option to purchase from Diamondback Energy up to an additional 1,875,000 shares of common stock at the public offering price (less the underwriting discount).
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