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Wednesday, October 26, 2011

Rentech Nitrogen sees IPO priced at $19-$21/unit, (AMEX: RTK)

Delaware-based Rentech Nitrogen Partners filed with U.S. securities regulators to offer 15 million common units at an anticipated price of $19-$21 per unit.The common units have been approved for listing on the New York Stock Exchange under the symbol "RNF," the company said in the filing.In August, the limited partnership company of publicly traded clean energy provider Rentech Inc had filed with the U.S. Securities and Exchange Commission to raise up to $250 million through an initial public offering.

Rentech, Inc. (Rentech) is a provider of clean energy solutions. Shares of RTK remained unchanged at $1.20. In the past year, the shares have traded as low as $0.75 and as high as $1.48. On average, 1480340 shares of RTK exchange hands on a given day and today's volume is recorded at 0.



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