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REFILE-Coal producer Foresight Energy units fall slightly in debut
June 18, 2014 / 1:45 PM / 3 years ago

REFILE-Coal producer Foresight Energy units fall slightly in debut

(Corrects to remove extraneous text in paragraph 2)

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)

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