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The Art of the Complicated Deal: Dealmakers Level Up

In June 2024, a Houston-based company called LandBridge filed an IPO that all but dared the public to invest.

The prospectus offered 14.5 million Class A shares at a price per share between $19 and $22. But the offering represented only a 20.1 percent interest in a company that the prospectus promised would not be owned by its Class A shareholders. 

Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

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