Eclipse Resources Falls in Debut After IPO Priced at Low End
This article is for subscribers only.
Eclipse Resources Corp., which explores for oil and natural gas in the Appalachian Basin, dropped in its trading debut after raising $818 million in a U.S. initial public offering.
The shares fell 4.6 percent to $25.75 today after the IPO was priced at $27. Eclipse and its owners sold 30.3 million shares at that price, after offering them at $27 to $30.