Energy IPOs at record pace after last week's Antero offering


The energy sector has raised a record $5.6B YTD through IPOs, such as last week's highly successful $1.57B IPO of Antero Resources (AR), and there's another $3.8B planned IPOs still in the pipeline.

Oil and gas companies have been active with offerings, not just to cash out their P-E owners but to buy up properties and rapidly expand their drilling in the most sought-after shale regions while oil and gas prices are supportive.

For example, Diamondback Energy (FANG), which has more than 50K acres in the Permian Basin in Texas, has sold more than $500M worth of stock this year through three offerings, each of which has come at a higher share price; shares are up 136% YTD despite the flood of new stock.

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