The stock added $8.15, or 18.5 percent, to $52.15 in midday 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 selling stockholder is giving the underwriters a 30-day option to buy up to an additional 3.4 million shares to cover any excess demand. The company is giving the underwriters a 30-day option to buy up to an additional 1.9 million shares.
Denver-based Antero said that it plans to use net proceeds to repay outstanding borrowings under its credit facility. It won't receive any proceeds from shares sold by the selling stockholder.
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