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Ascent Resources plc (AST.L)

LSE - LSE Delayed price. Currency in GBp
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3.70000.0000 (0.00%)
At close: 11:06AM BST
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  • Reuters

    Exclusive-U.S. gas producer Ascent Resources prepares for IPO -sources

    Ascent Resources LLC, one of the largest privately held U.S. natural gas producers, is preparing an initial public offering (IPO) it hopes will give it a market valuation of around $6 billion, according to people familiar with the matter. Depending on timing, it would be the first major stock market listing of a U.S. shale operator since Russia's invasion of Ukraine in February drove a spike in gas prices. The ensuing stock market volatility that prevented many companies from launching an IPO is now subsiding and energy prices remain elevated, making it a favorable environment for Ascent to consider pursuing a listing.