Kimbell Royalty Partners Sets $19 To $21 Price Range For IPO

By Caitlin HustonMarketsMarketWatch Pulse

Kimbell Royalty Partners, LP, an owner of mineral and royalty interests, set a price range of $19 to $21 for its initial public offering Wednesday. The company plans to sell 5 million common units to raise a maximum of $105 million. It has granted underwriters the option to buy an additional 750,000 units. The company has been approved to list on the New York Stock Exchange under the symbol "KRP." The lead underwriters on the offering are Raymond James, RBC Capital Markets and Stifel.

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