Coal Cos. Are Forging A Return To The IPO Pipeline
Law360, New York (March 24, 2017, 7:21 PM EDT) -- Certain coal issuers are returning to the initial public offering landscape after a long absence, a trend experts say reflects more favorable economic prospects and expectations of a friendlier regulatory environment under the Trump administration.
Kentucky-based miner Ramaco Resources Inc. broke the ice last month with an $81 million IPO that represented the industry's first initial offering since 2015. Alabama-based Warrior Met Coal Inc., whose shareholders include private equity giant Apollo Global Management, has since followed by filing a $100 million IPO.
Deals lawyers say more offerings are in the pipeline and could be unveiled later this year.
Sichenzia Ross Ference...
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