Rhino Resource Partners L.P., which operates thirteen coal mines located in Kentucky, Ohio, Colorado and West Virginia, lowered the proposed deal size for its upcoming IPO on Friday. The Lexington, KY-based company now plans to raise $65 million by offering 3.2 million units at a price range of $19-$21 after previously filing to offer 3.75 million units. At the mid-point of the revised range, Rhino Resource Partners L.P. will raise -13% fewer proceeds than previously anticipated. The coal company, 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 Weisel are the lead underwriters on the deal.
