Rice Energy Readies Midstream Subsidiary IPO – How Much?

Following in Antero’s footsteps, Rice Energy announced last week that they will launch an initial public offering (IPO) for stock in a new spun-off midstream subsidiary–Rice Midstream. You may recall Antero Resources, a company that concentrates on the Marcellus/Utica region, launched an IPO for their company a year ago that hauled in $1.57 billion (see Antero’s IPO Fetches $1.57B, Company Valued at $11B!). The much smaller Rice followed with their own IPO which did better than hoped, bringing in a cool $924 million (see Rice Energy IPO Soars, Brings in $84M More Than Expected). Antero very recently floated an IPO for a midstream subsidiary and hauled in another $1B (see Antero Midstream IPO Hauls in $1B, Stock Trading High). Now Rice is floating an IPO for a midstream subsidiary. No, not to keep up with the Jones (we don’t think, anyway). But because it makes sense. How much is Rice looking to make?…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment