Breaking Finance News

BREAKING- Athlon Energy Opens at $26 – Well Above IPO Price (ATHL)

Shares of Athlon Energy (NYSE: ATHL) opened at $26 per share on Friday–30 percent above the IPO price of $20.

The Fort Worth, Texas company’s 15 million share offering will be used to repay debt and provide liquidy for its drilling program along with general business purposes, according to the press release.

Athlon is hoping to have the same success as Thursday’s IPO of Sprout’s Farmer’s Market (NYSE: SFM). It finished its first day of trading up more than 100 percent.

[stock-tools exchange="NYSE" symbol="ATHL" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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