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Sunday, April 18, 2021

Athlon Energy sets stage for $300M IPO

  A. Lee Graham Reporter   Athlon Energy of Fort Worth plans to go public and raise $300 million by offering 15.8 million shares at a price range of $18 to $20. At the midpoint of the proposed range, the commpany would command a market value of $1.6 billion. Acting as joint bookrunners in the deal were Citi, Goldman Sachs, BofA Merrill Lynch and UBS Investment Bank. Athlon Energy, launched by former Encore Acquisition executives with financing from Apollo Global Management, focuses on unconventional oil and liquids-rich natural gas reserves in the Permian Basin. It booked $179 million in sales in the last 12 months. It plans to list on the New York Stock Exchange under the symbol ATHL.   lgraham@bizpress.net

 

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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