Antero Resources Corp., a natural gas production and distribution company, filed for a $1 billion initial public offering of its common stock. The Denver, Colorado-based company is controlled by Warburg Pincus LLC.
In a a preliminary prospectus, Anatero Resources told the United States Securities and Exchange Commission that several investment banks and firms are underwriting the initial public offering. Some that were mentioned by the U.S. SEC were Citigroup, JPMorgan, Barclays, Credit Suisse, Wells Fargo Securities and Jefferies.
Reuters said in a previous report that Antero Resources was preparing to go public with a value of $10 billion.
The company said that it would like to list itself in the New York Stock Exchange under the symbol 'AR'.
There was no certainty on how much of the shares of the company are to be sold. The prices of the said stocks are also undisclosed.
Antero Resources has properties located within the Marcellus shale formation near West Virginia and Pennsylvania spanning 311,000 acres and 92,000 acres in the Utica shale in Ohio.
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