IPO: NGP-backed WildHorse Resource launches IPO


[Context: On December 1, Natural Gas Partners (NGP)-backed WildHorse Resource Development launched its IPO. The Ark-La-Tex-  and South Texas-focused operator has positions in the Cotton Valley and the Eagle Ford.]

WildHorse Resource Development Announces Launch of Initial Public Offering

HOUSTON–December 01, 2016–(BUSINESS WIRE)–WildHorse Resource Development Corporation (the “Company”) announced today that it has launched its initial public offering of 27,500,000 shares of common stock pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”). The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 4,125,000 shares of the Company’s common stock. The shares are expected to trade on the New York Stock Exchange under the ticker symbol “WRD.”

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