Global private equity and venture capital news and research

Warburg-backed Antero Resources eyes $1bn IPO

14 Jun 2013

shalePrivate equity-backed oil and gas company Antero Resources is looking to raise up to $1bn via an IPO.

Antero, which is owned by buyout firm Warburg Pincus, did not disclose how many shares it was looking to float and at what price.

Barclays, Citigroup, Credit Suisse, Jefferies , JP Morgan, and Wells Fargo Securities will act as underwriters, according to the filing.

The company currently holds 311,000 in the Marcellus shale formation and 92,000 in the Utica shale.

Earlier reports said an IPO would value the company at as much as $10bn.

In the meantime, Warburg is reportedly planning a push for European assets after sending one of its partners to the continent to build a new team.

Copyright © 2013 AltAssets


Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014