Atlas Energy expects $2 billion valuation in US IPO

By siliconindia  |  Wednesday, 01 March 2023, 09:30:10 AM IST

Atlas Energy expects $2 billion valuation in US IPO

Atlas Energy Solutions Inc, an oil company company, is aiming to get a pricing of around $2 billion in its initial public offering (IPO) in the US, the firm said in a regulatory filing on Tuesday.

The Austin, Texas-based firm is planning to raise $414 million in the initial public offering. The IPO is priced between $20 and $23 per share. Atlas Energy had filed for the US IPO on 31 January this year.

Through the initial public offering, Atlas Energy Solutions Inc. is offering 18,000,000 shares of its Class-A common stock at a price between $20 to $23 per share.

The shares of Atlas Energy will be listed on the New York Stock Exchange (NYSE) and will be traded under the ticker symbol ‘AESI’.

Goldman Sachs, BofA Securities and Piper Sandler are the lead underwriters of the IPO. The company intends to provide the underwriters a 30-day option to buy up to an additional 2,700,000 shares of its common stock.

Atlas Energy provides logistics services to customers in the oil and natural gas sector within the Permian Basin of West Texas and New Mexico.

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