After much investor anticipation throughout 2004,the publicly traded shares of Denver-based and Rockies-focused Bill Barrett Corp.finally debuted December 10 on the New York Stock Exchange as BBG.The 13-million-share IPO priced at US25 per share,well above the initially expected range of US20 to US23,and raised US325 million.With nearly 40.4 million shares outstanding following the offering,the company has a market cap north of US 1 billion.Initial Wall Street takes:the market loved the company's growth story and the franchise name of Bill Barrett;some analysts,however,felt the valuation of the shares was a bit rich.Jason B.Selch,global energy analyst for Columbia Wanger Asset Management in Chicago,is impressed with the broad spread of drilling projects the company will be participating in during the next few years.
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