Kosmos Energy Ltd., an independent oil and gas exploration and production company focused on West Africa, announced terms for its IPO on Thursday. The Hamilton, Bermuda-based company plans to raise $510 million by offering 30 million shares at an estimated midpoint of $17 per share, commanding a market value of $6.3 billion. Kosmos Energy Ltd., which was founded in 2003 and booked $9 million in sales last year, plans to list on the NYSE under the symbol KOS. Citi, Barclays Capital, and Credit Suisse are the lead underwriters on the deal, for which timing was not disclosed.
