PE-Backed Energy Developer WildHorse Launches $550M IPO

Law360, New York (December 1, 2016, 8:19 PM EST) -- Private-equity-backed oil and gas explorer WildHorse Resource Development set terms of a $550 million initial public offering Thursday, guided by Vinson & Elkins LLP, marking the latest energy developer to return to public capital markets.

Houston-based WildHorse, which has operations in Texas and Louisiana, plans to issue 27.5 million shares priced between $19 and $21, raising $550 million if shares price at midrange. Proceeds could rise to $632.5 million underwriters exercise an option to buy another 4.1 million shares.

WildHorse, formed in 2013 by its management...
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