Rice Energy launches public offering of common stock
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13 Aug 2014
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Rice Energy Inc. announced the commencement of an underwritten public offering of 10,000,000 shares of its common stock. The Company is offering 7,500,000 shares of its common stock, and the selling stockholders named in the registration statement are offering 2,500,000 shares of the Company's common stock. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of the Company's common stock from such selling stockholders if the underwriters sell more than 10,000,000 shares of the Company's common stock. The Company intends to use the net proceeds to fund a portion of its 2014 capital budget. The Company will not receive any of the proceeds from the sale of shares of the Company's common stock by the selling stockholders. Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Global Markets Inc. will act as joint book-running managers of the offering. |
| Source: Dion Global Type: IPO Related |
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