Rex Energy Corp. (REXX) said on Wednesday that its initial public offering of 9.6 million common shares was priced on July 24 at $11.00 per share. The shares will be listed on the Nasdaq Global Market and will trade under "REXX" ticker, beginning July 25.The company said that it is offering 8.8 million shares and certain selling stockholders are offering the remaining 800 thousand shares. The transaction is expected to close on or about July 30. The selling stockholders also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1.44 million shares.Rex Energy expects to receive net proceeds from the offering of $89.2 million, and plans to use the net proceeds to repay debt.The company said KeyBanc Capital Markets Inc. is acting as lead manager for the offering. RBC Capital Markets, A.G. Edwards, Johnson Rice & Company and Pickering Energy Partners are acting as co-managers for the offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.