Amid Trump coal push, coal-mining company seizes IPO opportunity

Donald Trump put coal mining in the spotlight during his run for president and early days in office, and one coal-mining company is seeking to capitalize on that attention with an initial public offering that would ship the proceeds to big-money backers.

Warrior Met Coal LLC, a producer and exporter of metallurgical coal, said Monday that it will seek to sell up to 16.67 million shares at $17 to $19 a piece, which would bring in up to $317 million. The company has granted underwriters the option to buy up to 2.5 million additional shares, but none of the shares sold will enrich the company: All proceeds go to the firms that own more than 80% of the company.

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