Rice Energy prices upsized IPO at $21, the high end of the range

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Rice Energy, a natural gas E&P operating in the Marcellus and Utica Shale, raised $924 million by offering 44 million shares (32% insider) at $21, the high end of the range of $19 to $21. The four million additional shares offered were all insider. The company now commands a market cap of $2.7 billion and an enterprise value of $2.5 billion. Rice Energy will list on the NYSE under the symbol RICE. Barclays, Citi, Goldman Sachs, Wells Fargo Securities, BMO Capital Markets and RBC Capital Markets acted as joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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