Shale gas company WhiteHawk Minerals (WHK.US) sets IPO pricing at $25 to $27 per share, aiming to raise $180 million.

WhiteHawk Minerals (WHK.US), which holds natural gas mineral rights and lease interests in the Marcellus and Haynesville shale regions, announced the terms of its initial public offering (IPO) on Tuesday. The company plans to raise $180 million by issuing 6.9 million shares at a price range of $25 to $27 per share. Based on the proposed midpoint of the price range, WhiteHawk Minerals' fully diluted market value will reach $678 million. According to information, WhiteHawk is a company focused on natural gas mineral rights and lease interests, with core assets concentrated in the Marcellus and Haynesville shale regions of the Appalachian and Haynesville basins. As of December 31, 2025, the company's investment portfolio covers approximately 3.4 million net drilling acres (including a total of 1.6 million net drilling acres in the Appalachian and Haynesville basins), representing approximately 13% of the total gas production in the United States. The company, headquartered in Philadelphia, Pennsylvania, was founded in 2022 and achieved revenue of $89 million in the twelve months ending March 31, 2026. The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "WHK". The joint book-runners for the offering are Raymond James, Stifel, J.P. Morgan, Capital One Securities, and Stephens Inc. It is expected to be priced in the week of June 1, 2026.