Antero Resources, an oil and natural gas company controlled by Warburg Pincus LLC, is preparing for an initial public offering that could value it at as much as $10 billion, three people familiar with the matter said on Monday.

The Denver, Colorado-based company has hired Barclays Plc , JP Morgan Chase & Co and Citigroup Inc to lead the deal, two of the people said on condition of anonymity because the plans are private. The company could come to the stock market later this year, they added.

Barclays, Citigroup and Warburg declined to comment. JPMorgan could not be reached for comment.

(Reporting By Michael Erman and Olivia Oran, Additional reporting by Greg Roumeliotis)