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Antero Midstream Corp (former GP) Priced, NYSE: AM

Owns GP interests in Appalachian midstream MLP Antero Midstream Partners.

Industry: Energy

First Day Return: -6.4%

Industry: Energy

We own the general partner of Antero Midstream Partners LP (NYSE: AM) and all of the incentive distribution rights in Antero Midstream. Following the closing of this offering, we will continue to receive at least 94% of the cash distributions paid by Antero Midstream on the IDRs. Antero Midstream is a growth-oriented master limited partnership 59% owned by Antero Resources Corporation (NYSE: AR) that was formed to own, operate and develop midstream energy infrastructure primarily to service Antero Resources' rapidly increasing production and completion activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. We believe that Antero Midstream's strategically located assets and integrated relationship with Antero Resources position it to be a leading Appalachian midstream provider across the midstream value chain. Through our ownership interest in Antero IDR Holdings LLC, our subsidiary, we receive cash distributions from Antero Midstream on the IDRs. We expect these cash distributions to increase substantially over time as Antero Midstream executes its business strategy.
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IPO Data
IPO File Date 03/28/2017
Offer Price $23.50
Price Range $22.00 - $25.00
Offer Shares (mm) 37.3
Deal Size ($mm) $875
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/03/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $875
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Denver, CO, United States
Founded 2013
Employees at IPO 0
Website www.anteromidstream.com

Antero Midstream Corp (former GP) (AM) Performance