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Memorial Resource Development Corp. Closes IPO

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June 20, 2014

Memorial Resource Development Corp. (NASDAQ: MRD) closed its recent IPO of about 49.2 million common shares priced at $19.00 each, the company said June 18.

Undewriters had been given an option to purchase about 6.4 million additional shares from the selling stockholder, the company said.

Memorial Resource sold 21.5 million of the shares, while the selling stockholder sold about 27.7 million shares, the company said, noting that it did not receive proceeds from the selling stockholder.

The IPO raised about $382.1 million in net proceeds. Memorial Resource will use them ...

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