Phillips 66 Partners LP (PSXP) IPO Surges Higher
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The IPO for Phillips 66 Partners LP (NYSE: PSXP) opened at $28.98 per unit after 16,425,000 common units representing limited partner interests at $23.00 per common unit.
J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as book-running managers for the IPO. RBS, DNB Markets, Mitsubishi UFJ Securities, Mizuho Securities and PNC Capital Markets LLC are acting as co-managers.
Phillips 66 Partners LP is a limited partnership formed earlier this year by Phillips 66 (NYSE: PSX).
J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as book-running managers for the IPO. RBS, DNB Markets, Mitsubishi UFJ Securities, Mizuho Securities and PNC Capital Markets LLC are acting as co-managers.
Phillips 66 Partners LP is a limited partnership formed earlier this year by Phillips 66 (NYSE: PSX).
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