EP Energy scheduled to enter the Renaissance IPO ETF (IPO)


EP Energy ( EPE ), an Apollo-backed oil and gas E&P focused on premier basins in Texas, Utah and Louisiana, raised $704 million by offering 35.2 million shares at $20. EP Energy now commands a market capitalization of $4.9 billion, which is large enough to qualify the company for inclusion into the Renaissance IPO ETF at the market's close on January 27, 2014.

The Renaissance IPO ETF is a portfolio of the largest, most liquid U.S.-listed newly public companies prior to their inclusion in core U.S. equity portfolios. IPOs that pass Renaissance Capital's formulated screening process are weighted by investable market capitalization, capped at 10% and removed after two years.

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

Referenced Stocks: EPE , FB

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