Rice IPO Seeks to Raise $800M – Some Details Leak

As MDN has been reporting since October, Rice Energy will, at some point, float an initial public offering (IPO) and start to trade shares on a stock exchange (see Rice Energy Rumored IPO – Dan Rice Gets Last Laugh). Last week the details started to come into focus. The company may be valued as high as $2.5B, initial initial public offering paperwork had been confidentially filed, and the public will get to the see the paperwork soon, likely in January (see Impending Rice Energy IPO Creating a Buzz).

The Rice story continues to fascinate and more information continues to “leak” out. The latest: The company is looking to raise $800M with their IPO. They’ve been losing money, but certainly not a lot as a percentage of the money they’re spending to drill. And, we have more insight into the (very young) management structure of the company…

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