Rhino Postpones IPO

Rhino Resources Inc., a Lexington, Ky.-based coal company backed by Wexford Capital, has indefinitely postponed its IPO, due to market conditions. The company had previously reduced its offering range from $16-$18 per share to $11-$12 per share, while maintaining its plan to offer 10 million common shares. Morgan Stanley and Lehman Brothers are serving as co-lead underwriters.