LandBridge, owner of 220,000 acres in the Delaware Basin, went public this week, raising $246.5 million from the sale of 14.5 million shares. The company, according to a Bloomberg report, priced the shares below the initial range of between $19 and $22 apiece. The final price, at which the stock was sold was $17 apiece. The company’s market value on the day of the IPO was $1.2 billion. LandBridge is backed by private equity investor Five Point Energy. A week ago, Reuters quoted the company as saying it eyed proceeds of up to $319 million…
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