Kosmos Energy plans to raise up to $500 million through an initial public offering, Reuters reported. Kosmos, which is backed by Blackstone Group and Warburg Pincus filed its plan with the Securities and Exchange Commission. The Hamilton, Bermuda-based company said Credit Suisse, Citigroup and Barclays Capital will underwrite the IPO. The filing did not specify how many shares will be sold in the offering.
* Credit Suisse, Citigroup, Barclays are underwriters
* Co intends to list on NYSE under “KOS” symbol
(Reuters) – West Africa-focused Kosmos Energy, which is backed by private equity firms Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz) and Warburg Pincus [WP.UL], filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock.
The Hamilton, Bermuda-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Credit Suisse, Citigroup and Barclays Capital were underwriting the IPO.
The filing did not reveal how many shares the company planned to sell or their offer price.
The oil and gas exploration and production company intends to list its common stock on the New York Stock Exchange under the symbol “KOS”.
(Reporting by Sweta Singh in Bangalore; Editing by Vyas Mohan)