NEW YORK (AP) — Shares of Eclipse Resources slipped Friday after the oil and gas company’s initial public offering of stock raised more than $800 million, while Kite Pharma’s shares soared after the company expanded its offering.
Eclipse Resources offered 30.3 million shares at $27 each, the low end of its estimates. Excluding discounts, expenses, and shares being sold by company stockholders, the company said it will get $545.2 million in proceeds.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
