"I think what's happened is that gold, in the way it's traded, has transitioned, " said Edward Lashinski, director of strategy and trading for the futures group at RBC Capital Markets.

WSJ: Gold Plummets to Two-Year Low

Evercore Group, Goldman Sachs, RBC Capital Markets, and UBS Securities are acting as co-managers for the offering.

FORBES: SunCoke Energy Announces Launch of SunCoke Energy Partners IPO

In the latest move, RBC Capital analyst Doug Freedman this morning cut his stance on the semiconductor group overall to Market Weight from Overweight.

FORBES: Chips: RBC Wary; Cuts Ratings On INTC, NVDA, TXN, ADI