Shares of Wildhorse Resource Development sold at the targeted price of about $15 per share during its initial public offering (IPO) earlier this week, showing that investors are once again warming toward investments in the US upstream sector. The Houston-based firm said earlier that it expected to raise proceeds of about $390 million from its sale of 27.5 million shares of common stock -- as well as an additional 4.1 million shares available to the underwriters -- at $15/share.
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