MDN told you a few weeks ago that Antero Resources, a privately-owned (and major) driller in both the Marcellus and Utica Shale, would soon float an initial public offering (IPO)–or in the parlance of the financial industry, they would soon “go public” (see Antero Resources Offers 30M Shares of Stock in IPO). Today is the day that Antero goes public and begins trading under ticker symbol AR.N. Yesterday they floated the IPO shares and the company got even more money than they had hoped for–raking in $1.57 billion (they wanted $1.4 billion).
Because of the really good IPO, the company begins its public life with a market valuation of $11 billion–with plenty of borrowing power to finance their many drilling projects in the Marcellus/Utica…
