Stockadora

IPOs / May 2026

EagleRock Land, LLC went public at $18.50 a share

It sold 17,300,000 shares on New York Stock Exchange under the ticker EROK and raised $320.1 million before costs.

Final prospectus (424B4) filed May 14, 2026

The terms

  • Offered 17,300,000 shares Checked
    Source
    “EagleRock Land, LLC 17,300,000 Class A Shares”
    A model read this, and code confirmed the quote appears in the filing.
  • Price per share $18.50 Checked
    Source
    “The initial public offering price for our Class A shares is $18.50 per Class A share.”
    A model read this, and code confirmed the quote appears in the filing.
  • Raised $320,050,000before fees and costs Checked
    Source and check
    Shares × price = 17,300,000 × $18.50 = $320,050,000. They match.
    “Public offering price | $18.50 | $320,050,000”
    A model read this, and code confirmed the quote appears in the filing.
  • Bank fee $22,403,5007.0% of the raise Checked
    Source
    “Underwriting discount(1) | $1.295 | $22,403,500”
    A model read this, and code confirmed the quote appears in the filing.
  • Company receives first $297,646,500before other costs Checked
    Source and check
    Raised − bank fee = $320,050,000 − $22,403,500 = $297,646,500. They match.
    “Proceeds to EagleRock (before expenses) | $17.205 | $297,646,500”
    A model read this, and code confirmed the quote appears in the filing.
  • Lead banks Goldman Sachs & Co. LLC, Barclays, J.P. Morgan From the prospectus
    Source
    “Goldman Sachs & Co. LLC | Barclays | J.P. Morgan”
    A model read this, and code confirmed the quote appears in the filing.
  • Trades as EROK on New York Stock Exchange Checked
    Source
    “We have been authorized to list our Class A shares on the New York Stock Exchange (the “NYSE”) and NYSE Texas, Inc. (“NYSE Texas”) under the symbol “EROK.””
    A model read this, and code confirmed the quote appears in the filing.
  • Extra for the banks Up to 2,595,000 sharesan option the banks may use From the prospectus
    Source
    “We have granted the underwriters the option to purchase, exercisable within 30 days from the date of this prospectus, up to 2,595,000 additional Class A shares from us, at the public offering price less the underwriting discounts.”
    A model read this, and code confirmed the quote appears in the filing.
  • Final prospectus filed May 14, 2026
Not investment advice.Open the filing on SEC.gov

Where the money goes first

The banks take their fee before the company sees the money.

Raised $320.1M, bank fee $22.4M, company receives $297.6M before other costs$320.1MRaised−$22.4MBank fee$297.6MCompany receives first

Where EagleRock Land, LLC sits among the last 12 months

Each bubble is one IPO. Bigger and higher means more money raised. The scale grows by ten times at each line.

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