Antero Resources Plans to Raise as Much as $1.26 Billion in IPO

Antero Resources Corp. (AR), the natural-gas company backed by Warburg Pincus LLC, said it plans to raise as much as $1.26 billion in a U.S. initial public offering.

The company is offering 30 million shares at $38 to $42 each, according to a statement today. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., Credit Suisse Group AG, Jefferies Group LLC and Wells Fargo & Co. are managing the offering, Denver-based Antero said.

Antero, founded in 2002 by Chief Executive Officer Paul Rady and President Glen Warren, develops natural gas in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. A group including Warburg Pincus and Yorktown Partners LLC funded the company in early 2003 and led a $1 billion line-of-equity financing in 2007.

The shares will be listed on the New York Stock Exchange under the symbol AR. Antero generated $736 million in revenue last year, up 6.4 percent from 2011, according to a previous regulatory filing.

To contact the reporter on this story: Julie Alnwick in New York at

To contact the editor responsible for this story: Jeffrey McCracken at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.