NGL Energy Partners (NGL) IPO Trades Flat
Tweet
Share
E-mailGet Alerts NGL Hot Sheet
Join SI Premium – FREE
The IPO for NGL Energy Partners (NYSE: NGL) is open for trading. Shares are trading at $12.11 after pricing 3,500,000 common units representing limited partner interests at $21.00 per unit, the high end of the expected $19-$21 range.
Wells Fargo Securities and RBC Capital Markets are acting as joint book-running managers for the initial public offering.
NGL was formed to own and operate a vertically-integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. The common units being offered to the public represent a 24.2% limited partner interest in NGL, or a 27.2% limited partner interest if the underwriters exercise their over-allotment option in full.
Wells Fargo Securities and RBC Capital Markets are acting as joint book-running managers for the initial public offering.
NGL was formed to own and operate a vertically-integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. The common units being offered to the public represent a 24.2% limited partner interest in NGL, or a 27.2% limited partner interest if the underwriters exercise their over-allotment option in full.
Create E-mail Alert Related Categories
IPOsRelated Entities
RBC Capital, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
