WildHorse Resource Development Corp. filed with securities regulators on Nov. 10 to raise up to $650 million in an IPO.
The independent oil and natural gas company, which operates in the Eagle Ford Shale in southeast Texas and the Terryville Complex in North Louisiana, said it intends to list its common stock on the New York Stock Exchange under the symbol "WRD."
Houston-based WildHorse said proceeds from the offering will be used to fund the remaining portion of the Burleson North acquisition. The company did not mention the size of the offering.
Barclays, Bofa Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities are the lead underwriters, the company said.
The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.
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