Memorial Resource Development Corp. (NASDAQ: MRD) priced an IPO of 42.8 million common shares at $19 each, the company said June 13. Out of the total amount, 21.5 million shares were offered by the company, while 21.3 million were offered by the selling stockholder, Memorial Resource noted.
All the shares were expected to begin trading the same day on NASDAQ, the company added.
The selling stockholder granted underwriters a monthlong option to purchase up to 6.4 million additional shares, Memorial Resource said.
Net proceeds, of about $382.1 million, will redeem ...