Antero Resources scheduled to enter Renaissance IPO ETF

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Antero Resources ( AR ), an E&P operating in the Marcellus Shale and the Utica Shale, priced 35.7 million shares at $44, raising $1.6 billion in gross proceeds. Antero commands a market cap of $11.4 billion, which is large enough to qualify the company for inclusion into the Renaissance IPO ETF at the market's close on October 16th, 2013. With a float capitalization of $1.6 billion, Antero Resources is expected to be the ETF's 20th largest constituent.

The Renaissance IPO ETF is a portfolio of U.S.-listed newly public companies that provides exposure to securities under-represented in core U.S. equity portfolios. IPOs that pass Renaissance Capital's formulated screening process are weighted by float, capped at 10% and removed after two years. The Renaissance IPO ETF currently has 49 constituents and has generated a +40% return year-to date.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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