Kosmos Energy is reportedly considering launching an IPO in either the U.S. or U.K., which could carry a value of $5 billion, according to a Reuters report. The independent oil and gas production giant is weighing such a move after efforts to sell its stake in the West African offshore oilfield Jubilee hit a snag.

Kosmos had reportedly entered an arrangement to sell its stake to Exxon Mobil (XOM) for $4 billion, until it hit resistance from the West African government. As a result of that failed deal, Kosmos' private equity investors Warburg Pincus and the Blackstone Group began looking at other options, the report noted.

Increase your money and finance knowledge from home

Investing in Emerging Markets

Learn to invest in a globalized world.

View Course »

Getting out of debt

Everyone hates debt. Get out of it.

View Course »

Add a Comment

*0 / 3000 Character Maximum