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LandBridge IPO features crypto mining in the heart of oil country

From axios.com

A Houston-based land acquirer in one of the country's highest-producing oil basins launched an initial public offering Monday, in what looks like an indirect play on the crypto-mining sector. Why it matters: LandBridge's IPO will test the market — and regulatory appetite — for crypto-adjacent deals, with other more crypto-y public debuts waiting in the wings since the last bull market. Catch up quick: Landbridge said it plans to sell 14.5 million shares through the IPO priced between $19 and $22. • The midpoint of the proposed range would give the company a $1.5 billion market cap, according to IPO filings. • It ... (full story)

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  • Category: Fundamental Analysis