Eclipse Resources and Kite Pharma price IPOs - 13 WTHR Indianapolis

Eclipse Resources and Kite Pharma price IPOs

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NEW YORK - Shares of Eclipse Resources slipped Friday after the oil and gas company's IPO raised more than $800 million, and Kite Pharma shares climbed after the company expanded its offering.

Eclipse Resources offered 30.3 million shares and the offering priced at $27 per share, at the low end of its estimates. Excluding discounts, expenses, and shares being sold by company stockholders, the company said it will get $545.2 million in proceeds.

Shares of Eclipse Resources Corp. fell $1.03, or 3.8 percent, to $25.97 in morning trading.

Kite Pharma Inc. raised $127.5 million before expenses and discounts, as its initial public offering of 7.5 million shares priced at $17 each.

Shares of the clinical-stage biotechnology company climbed $9.50, or 55.9 percent, to $26.50.

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