SandRidge Mississippian Trust II, a trust formed by SandRidge to own oil and natural gas wells in the Mississippian formation, announced terms for its IPO on Thursday. The Austin, TX-based company plans to raise $520 million by offering 26.0 million shares at a price range of $19 to $21. At the midpoint of the proposed range, SandRidge Mississippian Trust II would command a market value of $995 million. SandRidge Mississippian Trust II plans to list on the NYSE under the symbol SDR. Morgan Stanley, Raymond James, BofA Merrill Lynch, Citi and RBC Capital Markets are the joint bookrunners on the deal.
