Shearman & Sterling represented Credit Suisse, Goldman, Sachs & Co. and J.P. Morgan as representatives of the several underwriters in connection with the US$851 million initial public offering of Cobalt International Energy, Inc. According to Bloomberg, this is the largest IPO by a U.S. oil and gas exploration company this decade.

Cobalt, based in Houston, is an independent, oil-focused exploration and production company with a below salt prospect inventory in the deepwater of the U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa.

The following Shearman & Sterling team advised the underwriters in the transaction: partners David Beveridge (New York-Capital Markets), Chris Cummings (Toronto-Capital Markets) and Robert Evans III (New York-Capital Markets) and associates Jonathan Handyside (Toronto-Capital Markets), Kevin Younai (New York-Capital Markets) and Bradley Wallace (New York-Capital Markets).