Rhino Resource Partners L.P., which operates thirteen coal mines located in Kentucky, Ohio, Colorado and West Virginia, announced terms for its IPO on Tuesday. The Lexington, KY-based company plans to raise $75 million by offering 3.75 million shares at a price range of $19-$21. At the mid-point of the proposed range, Rhino Resource Partners L.P. will command a market value of $496 million. Rhino Resource Partners L.P., which was founded in 2003 and booked $370 million in sales last year, plans to list on the NYSE under the symbol RNO. Raymond James, RBC Capital Markets and Stifel Nicolaus are the lead underwriters on the deal.
