LandBridge Announces Launch of IPO

LandBridge Company LLC  today announced the launch of its initial public offering of 14,500,000 Class A shares representing limited liability company interests at an anticipated initial offering price between $19.00 and $22.00 per Class A share pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. In addition, LandBridge expects to grant the underwriters in the offering a 30-day option to purchase up to an additional 2,175,000 Class A shares at the initial public offering price, less underwriting discounts and commissions. LandBridge has been authorized to list its Class A shares on the New York Stock Exchange under the ticker symbol “LB,” subject to official notice of issuance.

Goldman Sachs & Co. LLC and Barclays are acting as lead book-running managers for the proposed offering. Additional book-running managers for the proposed offering are Wells Fargo Securities, Citigroup, Piper Sandler and Raymond JamesJanney Montgomery ScottJohnson Rice & Company, Pickering Energy Partners, Texas Capital Securities, and Roberts & Ryan are acting as co-managers for the proposed offering.

The proposed offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. Copies of the preliminary prospectus related to these securities can be obtained from any of the following sources:

About LandBridge

LandBridge owns approximately 220,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-basin in the Permian Basin, the most active region for oil and natural gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage oil and natural gas production and broader industrial development. Since its founding in 2021, LandBridge has served as one of the leading land management businesses within the Delaware Basin. LandBridge was formed by Five Point Energy LLC, a leading energy private equity firm with a successful track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin.