Kosmos Energy To Raise $500M In IPO

Kosmos Energy is seeking to raise about $500 million in an initial public offering.

Kosmos Energy is seeking to raise about $500 million in an initial public offering (IPO), Reuters reports. The West Africa-focused oil exploration and production company did not reveal how many shares it has planned to sell or their offer price.

Kosmos, backed by private equity firms Blackstone Group and Warburg Pincus, may use the proceeds from the offering to help fund its capital spending. The underwriters of the IPO will be Credit Suisse, Citigroup and Barclays Capital.

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