Vine Energy Inc. Announces Pricing of Initial Public Offering

PLANO, Texas--(BUSINESS WIRE)--Vine Energy Inc. (“Vine”) announced today the pricing of its initial public offering of 21,500,000 shares of its Class A common stock at $14.00 per share pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”). The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “VEI” on March 18, 2021. In addition, Vine granted the underwriters a 30-day option to purchase up to an additional 3,225,000 shares of Vine’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to close on March 22, 2021 subject to customary closing conditions.