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EP Energy Files For $100M IPO

|Includes:Apollo Global Management, LLC (APO)

Originally published at

EP Energy, an oil and gas company that was taken private in May 2012 by Apollo Global Management LLC (NYSE:APO), has filed for a $100M IPO. The final size of the IPO is very likely to be different as initial filings are used to calculate registration fees. In June it was reported that Apollo was preparing EP Energy for an IPO worth more than $8B. EP Energy's filing did not reveal the number of shares the company expects to sell or the expected price range for the shares. The company has made several deals this year that included a $1.3B sale of some natural gas and coal bed methane properties that used to pay down debt and finance capital expenses. EP sold its Brazil operations and paid its owners a $200M special dividend in August.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: APO