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Cobalt Int'l IPO Prices Below Range
HOUSTON (TheStreet) -- Cobalt International Energy's 63 million shares were priced at $13.50 a share, below the range of $15 to $17 a share the company expected.
Proceeds from the offering were $850.5 million but could increase to $978.1 million if underwriters exercise an option to buy an additional 9.45 million shares.
Cobalt will begin trading Wednesday on the New York Stock Exchange under symbol "CIE." ...
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