Denver-based oil and gas company Antero Resources (AR) sees stock value soar in debut on the NYSE

NEW YORK - Shares of oil and natural gas company Antero Resources Corp. soared in its trading debut.

The stock added $8.14, or 18.5 percent, to $52.14 in morning trading Thursday after rising as high as $55.02 earlier.

Antero priced its initial public offering of approximately 35.7 million shares at $44 each. That is above the 30 million shares the company originally said it was going to offer, and the pricing tops the $38 to $42 per share projected price range given in September.

Antero raised about $1.57 billion in the offering.

The shares are trading on the New York Stock Exchange under the "AR" ticker symbol.

The offering is expected to close on Wednesday.

Print this article Back to Top