Eclipse Resources and Kite Pharma price IPOs

Published June 20, 2014 4:35pm ET



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.

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