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Monday, December 9, 2013

Natural gas company Rice Energy files for IPO, (NYSE: ANR), (NYSE: BLK), (NASDAQ: PLCE)

Natural gas exploration and production company Rice Energy Inc said it had filed with U.S. regulators to go public. Reuters reported in October that the privately held company, founded by former BlackRock Inc portfolio manager Daniel Rice and his children, planned a stock offering that could value the company at up to $2.5 billion.The company said on Monday it had confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission and expected to launch the IPO in the first quarter of 2014.Separately, Alpha Natural Resources Inc said it would sell its 50 percent interest in its shale joint venture with Rice Energy for $200 million in shares in the IPO and $100 million in cash.Alpha and Rice Energy entered into the joint venture in 2010 to develop a portion of Alpha's Marcellus natural gas holdings in Greene County, Pennsylvania.

Alpha Natural Resources, Inc. (Alpha) is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal. Shares of ANR remained unchanged at $6.57. In the past year, the shares have traded as low as $4.78 and as high as $10.74. On average, 11144600 shares of ANR exchange hands on a given day and today's volume is recorded at 7782.

BlackRock, Inc. (BlackRock) is an investment management firm. Shares of BLK remained unchanged at $301.83. In the past year, the shares have traded as low as $194.00 and as high as $311.32. On average, 592194 shares of BLK exchange hands on a given day and today's volume is recorded at 3.

The Children's Place Retail Stores, Inc. operates as a specialty retailer of apparel and accessories for children. Shares of PLCE fell by 0.15% or $-0.08/share to $53.12. In the past year, the shares have traded as low as $42.21 and as high as $58.89. On average, 421356 shares of PLCE exchange hands on a given day and today's volume is recorded at 512979.



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