Apollo-backed EP Energy files for a US IPO that could raise upwards of $500 million


Shutterstock photo

EP Energy, an Apollo-backed E&P of oil, natural gas and NGL in the US, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely a placeholder. We estimate the deal will raise at least $500 million. The Houston, TX-based company, which was founded in 2012 and booked $1.7 billion in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol EPE. The bookrunners on the deal were not announced in the initial filing. No pricing terms were disclosed.

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

This article appears in: News Headlines , IPOs

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com