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June 18 (Reuters) - Foresight Energy LP’s units fell more than 2 percent in their market debut, after the coal producer’s IPO was priced at the midpoint of its expected price range.
The company raised $350 million after the offering of 17.5 million common units, representing limited partner interests, were priced at $20 each.
At the listing price, the company was valued at $1.3 billion.
The company’s shares opened at $20 on the New York Stock Exchange on Wednesday, but fell to $19.52.
Barclays, Citigroup and Morgan Stanley were the lead underwriters for the offering. (Reporting by Amrutha Gayathri in Bangalore; Editing by Joyjeet Das)