Rex Energy, an oil and gas company operating in the Illinois Basin, the Appalachian Basin, and the Southwestern United States, priced its initial public offering at $11.00, the low end of the range, Tuesday evening. The 9.6 million share offering, which included 800 thousand shares from selling stockholders, was 35% below the originally anticipated 14.7 million shares. KeyBanc Capital was the bookrunner on the deal. The stock is expected to begin trading on the NASDAQ under the ticker "REXX" on Wednesday.
