News Column

Rice Energy Inc. Launches Initial Public Offering

January 31, 2014

By a News Reporter-Staff News Editor at Energy Weekly News -- Rice Energy Inc. (the "Company") announced the commencement of its initial public offering of 40,000,000 shares of its common stock, at an anticipated initial public offering price between $19.00 and $21.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the " SEC "). The Company is offering 30,000,000 shares of its common stock, and the selling stockholder named in the registration statement is offering 10,000,000 shares of the Company's common stock. The selling stockholder also expects to grant the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of the Company's common stock from the selling stockholder if the underwriters sell more than 40,000,000 shares of the Company's common stock. The Company has been approved to list its common stock on the New York Stock Exchange (NYSE) under the symbol "RICE," subject to official notice of issuance. Barclays, Citigroup, Goldman, Sachs & Co. , Wells Fargo Securities , BMO Capital Markets and RBC Capital Markets will act as joint book-running managers of the offering. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. Keywords for this news article include: Rice Energy Inc , Investment and Finance. Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Energy Weekly News


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