Vantage Energy, a oil and gas E&P operating in the Marcellus and Barnett Shale, officially withdrew its plans for an initial public offering on Tuesday. After postponing in 2014, it re-filed in September 2016 for an estimated $600 million IPO, but less than two weeks later announced that it would be acquired by Rice Energy for $2.7 billion.
The Englewood, CA-based company was founded in 2006 and booked $90 million in sales for the 12 months ended June 30, 2016. It had planned to list on the NYSE under the symbol VEI. Goldman Sachs, Barclays, Credit Suisse, Citi, J.P. Morgan and Wells Fargo Securities were set to be the joint bookrunners on the deal.
