Memorial Production Partners LP, a limited partnership formed by Memorial Resource Development LLC to acquire oil and gas properties in Texas, announced terms for its IPO on Wednesday. The Houston, TX-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the mid-point of the proposed range, Memorial Production Partners LP will command a market value of $428 million. Memorial Production Partners LP, which was formed in 2011, plans to list on the NASDAQ under the symbol MEMP. Citi, Raymond James, and Wells Fargo Securities are the lead underwriters on the deal.
