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I broke my rules and invested heavily in LandBridge, a young company with prime land in the Permian Basin, essential for water infrastructure and energy projects. LandBridge's strong partnerships and diversified revenue streams, including surface-use royalties and resource sales, position it for substantial growth and high margins. Despite risks like limited history and no dividends, I see LandBridge as a high-reward investment with immense long-term potential, similar to Texas Pacific Land.

The IPO market closed out June with four deals, three of which raised $100+ million. In the pipeline, nine companies submitted initial filings, led by what could be the largest IPO of 2024 to date. Web comic platform WEBTOON Entertainment (WBTN) led the week's deals, pricing at the high end to raise $315 million at a $2.8 billion market cap.

David Capobianco, LandBridge founder and chairman, joins 'Money Movers' to discuss the company's upcoming market debut at the New York Stock Exchange.

One IPO and three SPACs debuted this week. Singapore-based safety equipment provider Rectitude Holdings priced at the bottom of the range to raise $8 million at a $58 million market cap. Three IPOs are currently scheduled to debut in the week ahead as the second quarter comes to a close.

Laurentian Bank of Canada (OTCPK:LRCDF) Q3 2022 Earnings Conference Call August 31, 2022 9:00 AM ET Company Participants Andrew Chornenky - VP and Head of IR Rania Llewellyn - President, CEO Yvan Deschamps - EVP and CFO Eric Provost - Head of Commercial Banking Liam Mason - Chief Risk Officer Kelsey Gunderson - Head of Capital Markets Karine Abgrall-Teslyk - Head of Personal Banking Conference Call Participants Meny Grauman - Scotiabank Gabriel Dechaine - National Bank Financial Paul Holden - CIBC Sohrab Movahedi - BMO Capital Markets Doug Young - Desjardins Capital Markets Nigel D'Souza - Veritas Marcel McLean - TD Securities Jooyoung Kim - Credit Suisse Operator Good day and welcome to the Third Quarter Results 2022 Laurentian Bank Financial Group Conference Call. Today's conference is being recorded.