EQT Midstream Partners (EQM) IPO Opens Higher

June 27, 2012 9:41 AM UTC
The IPO for EQT Midstream Partners (NYSE: EQM) is open for trading. Shares are trading at $22.79 after pricing 12,500,000 common units at $21.

Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering. Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as co-managers for the offering.

EQT Midstream Partners, LP is a growth-oriented master limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian basin. We provide midstream services to EQT Corporation and third-party companies through our two primary assets: Equitrans Transmission and Storage System, and Equitrans Gathering System. We have a 700 mile FERC-regulated, interstate pipeline system and more than 2,100 miles of FERC-regulated, low-pressure gathering lines.


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