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Antero Resources Announces $1.4B IPO

Originally published at www.seclive.com

Antero Resources Corp. plans to raise as much as $1.4B in an initial public offering. The company, backed by Warburg Pincus, will offer 30 million shares priced between $38.00 and $42.00 per share. Underwriters have a 30-day option period during which up to an additional 3.8 million shares can be purchased. Antero will not receive any proceeds from the offering made by the selling stockholder. Joint bookrunners to the offering include Credit Suisse, Jeffries, Wells Fargo, Barclays, JPMorgan Chase, and Citigroup. Antero, a natural gas company founded in 2002, earned $736M in revenue for fiscal year 2012, a 6.4% increase from the year before.

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