The company priced its initial public offering of 17.5 million shares at $20 a share to raise $350 million. This values Foresight Energy at approximately $2.6 billion.
The stock opened at $20 and climbed to a high of just $20.20 for the day before the stock quickly dropped. It hit a low of $18.87 for the day and was down 4.2% to $19.16 at 2:23 p.m., by which point more than 12 million shares had changed hands.
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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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