UPDATE: BP Midstream Partners LP (BPMP) IPO Opens at $16.85

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Go back to UPDATE: BP Midstream Partners LP (BPMP) IPO Opens at $16.85

BP Midstream Partners LP Announces Pricing of Initial Public Offering

October 25, 2017 6:40 PM EDT

HOUSTON--(BUSINESS WIRE)-- BP Midstream Partners LP (BP Midstream Partners or the Partnership), a limited partnership formed by an indirect, wholly-owned subsidiary of BP p.l.c., announced the pricing of its initial public offering of 42,500,000 common units representing limited partner interests at $18.00 per common unit. The underwriters of the offering have a 30-day option to purchase up to an additional 6,375,000 common units from BP Midstream Partners.

The common units will begin trading on the New York Stock Exchange on October 26, 2017, under the ticker symbol BPMP. The offering is expected to close on or about October 30, 2017, subject to customary closing... More