Rice Midstream Partners prices IPO at $16.50, well below the range

Rice Midstream Partners LP, a Rice Energy-backed MLP with natural gas gathering pipelines in the Marcellus, raised $413 million by offering 25 million shares at $16.50, well below the range of $19 to $21. Rice Midstream Partners LP plans to list on the NYSE under the symbol RMP. Rice Midstream Partners LP initially filed confidentially on 10/3/2014. Barclays, Citi, Wells Fargo Securities, Goldman Sachs and RBC Capital Markets acted as lead managers on the deal.