Natural gas royalty play Bounty Minerals withdraws $100 million IPO
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Bounty Minerals has withdrawn its $100 million IPO plans, initially filed in November 2022. The company, which manages natural gas mineral interests in the Appalachian Basin, holds about 65,000 net mineral acres and focuses on acquiring non-producing minerals. Founded in 2012 and based in Fort Worth, TX, Bounty reported $92 million in sales for the year ending September 30, 2023. It intended to list on the NYSE under the symbol BNTY, with Raymond James and Stifel as joint bookrunners.
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