Aris Water Solutions, Inc. has announced the pricing of its initial public offering of 17,650,000 shares of its Class A common stock at a price to the public of US$13.00 per share. In addition, the underwriters have exercised their option to purchase up to an additional 2,647,500 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol ARIS.
Latham & Watkins advised the underwriters in the offering with a corporate deal team led by Austin partner David Miller and Houston partner Trevor Lavelle, with Houston associates Om Pandya, Kate Wang, Anji Yuan, and Ziyad Barghouthy. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Emily Fawcett; on environmental matters by Los Angeles counsel Josh Marnitz; and on broker-dealer matters by New York counsel Gail Neely.