Matador Resources (MTDR) IPO Trades Slightly Lower

The IPO for Matador Resources Company (NYSE: MTDR) opened for trading at $11.75 after pricing 13,333,334 shares at $12.00 per share, below the expected $14-$16 range.

RBC Capital Markets and Citigroup are acting as joint book-running managers. Jefferies, Howard Weil Incorporated, Stifel Nicolaus Weisel, Simmons & Company International, Stephens Inc. and Comerica Securities are acting as co-managers for the offering.

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with a particular emphasis on oil and natural gas shale plays and other unconventional resource plays. Its current operations are located primarily in the Eagle Ford shale play in south Texas and the Haynesville shale play in northwest Louisiana and east Texas.

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