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    Thursday, November 19, 2009

    Coal Producer Cloud Peak IPO Prices At $15 a Share

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    By Carla Mozee
    MarketWatch Pulse
       

      LOS ANGELES -- Coal producer Cloud Peak Energy Inc.'s initial public offering of 30.6 million shares priced at $15 a share late Thursday, according to Renaissance Capital. The price is below the expected range of $16 to $18 a share, the IPO research and information provider said on its Web site. The IPO raises $459 million for Cloud Peak, which plans to separate from Anglo-Australian mining giant Rio Tinto . Shares of Cloud Peak will begin trading on Friday under the ticker "CLD" on the New York Stock Exchange.

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