On Oct. 27, Antero Midstream Partners LP opened an IPO of 37.5 million common units representing a roughly-24.7% limited partner interest in the partnership, which will own gathering and compression assets, said Antero Resources Corp. (NYSE: AR).
An S-1 was filed with the Securities and Exchange Commission.
The anticipated price per unit ranges between $19 and $21. Underwriters will be allowed to purchase about 5.6 million additional units.
The units were approved to list on the New York Stock Exchange under the ticker “AM,” Antero Resources said.
Antero Midstream Management LLC, a subsidiary of the controlling stockholder, is the general partner.
Barclays Plc (NYSE: BCS) and Citigroup Inc. (NYSE: C) are joint book-running managers and structuring agents. Wells Fargo Securities LLC, Credit Suisse (NYSE: CS), J.P. Morgan and Morgan Stanley (NYSE: MS) are also joint book-running managers.
Denver-based Antero Resources Corp. produces and develops domestic oil and natural gas.
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