Rice Energy Launches Midstream IPO – MDN Nails the Price

A month ago MDN told you that Rice Energy would spin out a midstream (pipelines & processing plants) subsidiary (see Rice Energy Readies Midstream Subsidiary IPO ā€“ How Much?). At the time, we didn’t have a clue as to how much the company would want to raise, but based on a formula we devised (pretty simple, using the same ratio of Antero’s E&P IPO vs their midstream IPO) we came up with the number of $588.5 million for the Rice Midstream IPO. We said at the time we would be back to let you know how close we came with our “back of the envelope” prediction. Looks like it was pretty darned close. Like, scary close…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.