Matador Resources Co. (MTDR) announced the pricing of its initial public offering of 13.33 million shares of its common stock at $12.00 per share. The shares are expected to commence trading on the New York Stock Exchange on February 2, 2012 under the ticker symbol "MTDR."
An aggregate of 11.67 million of the shares are being sold by Matador and 1.67 million of the shares are being sold by certain named selling shareholders. The company noted that the underwriters have a 30-day over-allotment option to buy up to 700,000 additional shares of common stock from the company and 1.3 milion additional shares from the selling shareholders to cover over-allotments, if any. The offering is expected to close on February 7, 2012.
Matador said it plans to use the net proceeds from the offering to repay all outstanding indebtedness under its credit facility, with the balance to be used to fund a portion of its 2012 capital expenditure budget. The company added that it will not receive any proceeds from the sale of shares by the selling shareholders.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.