IPOS ON THE RISE IN E&P, R&M

摘要

Initial public offerings (IPOs) have been on the rise, with straight equity coming to market from two issuers in the exploration and production sector, and a master limited partnership (MLP) offering being completed by a heavyweight in refining and marketing. On the E&P side, Fort Worth, Texas-based Athlon Energy Inc. took advantage of strong investor demand for Permian producers to price an offering of 18.17 million shares, including the overallotment option, at the high end of the offering range of $18 to $20 per share. Proceeds came to about $363 million.