RMP News

Four companies went public in the past week and brought the final IPO count of 2014 up to 275 deals that raised $85 billion, making it the most active year for the IPO market since 2000. The year's record biotech boom was capped by Juno Therapeutics (+46%), the largest biotech IPO in at least 15 years. Online lender On Deck Capital (+21%) also raised investor interest in a week that...read more

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...read more

Six deals are on the IPO calendar looking to raise a combined $1.0 billion during the week of December 15, 2014. Half of the deals are biotech IPOs, including the largest of the year by market cap (Juno Therapeutics; $1.5 billion). Following last week’s surge of six technology IPOs, none are on the...read more

Rice Midstream Partners LP, an MLP formed by Rice Energy to own natural gas gathering pipelines in the Marcellus Shale, announced terms for its IPO on Monday. The Canonsburg, PA-based company plans to raise $500 million by offering 25 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a fully diluted market value of $1.2...read more