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    Friday, November 20, 2009

    Rio Tinto's Cloud Peak Enegy Falls In IPO Debut

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    By Steve Gelsi
    MarketWatch Pulse
       

      NEW YORK -- Coal producer Cloud Peak Energy Inc. fell 2.2% to $14.69 in its stock market debut on Friday on the New York Stock Exchange. The company's IPO of 30.6 million shares priced at $15 a share, below its $16-$18 price range. The IPO raised $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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