Rice Midstream Partners launches IPO
|
10 Dec 2014
|
|
Rice Energy Inc. announced the commencement of the Rice Midstream Partners LP initial public offering of 25,000,000 common units representing limited partner interests, at an anticipated initial public offering price between USD 19 and USD 21 per common unit. Rice Midstream also expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 common units. Rice Midstream has been approved to list its common units on the New York Stock Exchange under the symbol RMP, subject to official notice of issuance. The common units being offered represent an approximate 43.5 per cent limited partner interest in Rice Midstream (or approximately 50 per cent if the underwriters exercise in full their option to purchase additional common units). Rice Energy and its affiliates will own the remaining approximately 56.5 per cent limited partner interest in Rice Midstream (or approximately 50 per cent if the underwriters exercise in full their option to purchase additional common units). Rice Energy will own the general partner of Rice Midstream and all of its incentive distribution rights. Barclays, Citigroup, Wells Fargo Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as joint book-running managers for the offering. |
| Source: Dion Global Type: IPO Related |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback