MPLX (MPLX) Files $365M IPO
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Price: $59.67 +0.56%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 8.4%
Revenue Growth %: -8.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 8.4%
Revenue Growth %: -8.3%
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MPLX LP (NYSE: MPLX) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $365 million. MPLX applied to list on the New York Stock Exchange under the ticker, "MPLX."
The offering is being made through UBS Investment Bank and BofA Merrill Lynch.
MPLX a fee-based, growth-oriented limited partnership recently formed by Marathon Petroleum Corporation (NYSE: MRO) to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.
The offering is being made through UBS Investment Bank and BofA Merrill Lynch.
MPLX a fee-based, growth-oriented limited partnership recently formed by Marathon Petroleum Corporation (NYSE: MRO) to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.
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