Warburg's Antero Resources prices above planned IPO range

October 9
10:22 PM 2013

Antero Resources Corp is an oil and natural gas company. The company is controlled by Warburg Pincus and operates in Denver, Colorado. Antero Resources had upsized its initial public offering and priced it above the planned range, said a Reuters report. This valued the oil and natural gas company more than USD11 billion.

In a statement last Wednesday, Antero said that the company had sold 35.73 million shares. The price was at USD44 per share piece that raised the offering at USD1.57 billion. A report from Reuters said that Antero Resources had planned to sell additional 30 million shares in its debut valued between USD38 and USD42 per share piece.

The company's shares had been scheduled to start trading on Thursday on the New York Stock Exchange. Antero would trade under the symbol AR, said a report from Reuters.

Barclays Plc, JP Morgan Chase & Co and Citigroup were the lead underwriters for the offering.

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