London Stock Exchange just welcomed Kosmos Energy (NYSE: KOS) to trading on the Main Market today as the oil and gas exploration and production company, with a $2.5 billion market capitalisation, successfully completed its London listing.
Focused on frontier and emerging areas along the West African and Latin American coasts, Kosmos Energy’s listing in London will lead to a broader base of investors with detailed knowledge of global oil & gas investment opportunities and improve share liquidity.
Kosmos Energy joins 159 oil and gas companies already listed in London, with a combined market capitalisation of over $1 trillion. Since 1985, over $138 billion has been raised by oil and gas companies in London, and the companies listed include six of the ten largest listed oil and gas companies in the world. Kosmos Energy’s admission also builds on London Stock Exchange’s strong US credentials, becoming the fourteenth North American-based company to list in London in 2017.
Chris Mayo, Head of Primary Markets, Americas, London Stock Exchange Group:
Listing on London Stock Exchange today, Kosmos Energy gains access to an unrivalled pool of international investors with deep knowledge of the global oil and gas industry. Headquartered in Dallas with global operations, Kosmos Energy is the fourteenth North American-based company to list on our markets in 2017, underlining London’s enduring status as the most international financial centre and an open and dynamic place to do business.
Andrew Inglis, CEO, Kosmos Energy:
This secondary listing is the next step in the company’s evolution. We selected the LSE for our secondary listing because of its strong liquidity, reputation for transparency, and participants’ knowledge of the role of frontier exploration and development in our industry. We believe that Kosmos represents a compelling investment proposition both in terms of its upcoming high-impact exploration program and the development of recent gas discoveries.