Desert Peak Minerals Inc. DPM 0.00% has set terms of its initial public offering, in which the Colorado-based manager of mineral and royalty interest in the Permian Basin looks to raise up to $230.0 million. The company is offering 10.0 million Class A shares in the IPO, which is expected to price between $20 and $23 a share. With a total of 62.0 million Class A and Class B shares expected to be outstanding after the IPO, the company could be valued at up to $1.43 billion. The stock is expected to list on the NYSE under the ticker symbol "DPM." Barclays, Credit Suisse and UBS Investment Bank are the lead underwriters. The company recorded net income of $9.5 million on revenue of $36.7 million during the six months through June 30, after a loss of $12.2 million on revenue of $19.7 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +2.03% has rallied 6.1% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.31% has gained 3.4%.