- Antero Resources (AR +18.2%) opened for trading at ~$55 and remains sharply higher after pricing its IPO at $44/share, as AR’s size and the efficiency of its wells located in productive areas of the Marcellus and Utica shale plays draw investors to the deal.
- AR originally expected to sell 30M shares for $38-$42 each, but agreed to sell 35.7M shares at $44 and cut marketing a day earlier than planned because of strong demand.
- The $1.5B deal value, which could rise if underwriters exercise their option to buy more shares, marks the largest U.S.-listed IPO for an oil and gas company since Statoil’s $2.9B debut in June 2001.
From other sites
at Nasdaq.com (Wed, 11:28AM)
at MarketRealist.com (Mar 21, 2015)
at Nasdaq.com (Feb 24, 2015)
at Nasdaq.com (Jan 22, 2015)
at MarketWatch.com (Jan 14, 2015)
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