Investing.com -- LandBridge Company LLC (NYSE:LB) stock fell 9% on Monday after the company announced the pricing of a secondary public offering of Class A shares.

Shares of LandBridge were trading at $67.28 mid-morning Monday, down from Friday's closing price of $74.54, as investors reacted to the offering priced at $71.00 per share.

The offering consists of 2,500,000 Class A shares representing limited liability company interests, being sold by LandBridge Holdings LLC, the company's selling shareholder. The selling shareholder also granted the underwriter a 30-day option to purchase up to an additional 375,000 Class A shares.

LandBridge will not sell any Class A shares in the offering and will not receive any proceeds from the transaction. Goldman Sachs & Co. LLC is serving as the sole book-running manager for the offering.

The secondary offering is expected to close on November 18, 2025, subject to customary closing conditions. The offering price of $71.00 represents a discount to the stock's recent trading levels, likely contributing to Monday's share price decline.

Secondary offerings often put downward pressure on share prices as they increase the supply of available shares in the market.

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