Antero Resources, an E&P primarily focused on the Appalachian Basin in WV, OH and PA, announced terms for its IPO on Monday. The Denver, CO-based company plans to raise $1.2 billion by offering 30.0 million shares at a price range of $38 to $42. At the midpoint of the proposed range, Antero Resources would command a fully diluted market value of $10.2 billion.
Antero Resources, which was founded in 2002 and booked $644 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol AR. Barclays, Citi, J.P. Morgan, Credit Suisse, Jefferies and Wells Fargo are the joint bookrunners on the deal.
