Hess Midstream Partners LP (HESM) IPO Prices at $23

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Go back to Hess Midstream Partners LP (HESM) IPO Prices at $23

Hess Midstream Partners LP Announces Pricing of Upsized Initial Public Offering

April 4, 2017 9:23 PM EDT

HOUSTON--(BUSINESS WIRE)-- Hess Midstream Partners LP (the Partnership) today announced the pricing of its initial public offering of 14,780,000 common units representing limited partner interests in the Partnership, at a public offering price of $23.00 per common unit. The Partnership was initially offering 12,500,000 common units at an estimated price range of $19.00 to $21.00 per common unit. In addition, the Partnership has granted the underwriters a 30-day option to purchase up to an additional 2,217,000 common units at the initial public offering price. The common units are expected to begin trading on April 5, 2017 on the New York Stock Exchange under the ticker symbol HESM.... More