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CONE Midstream Prices Upsized IPO at $385 Million
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Noble Energy, Inc., CONSOL Energy Inc. and CONE Midstream Partners LP, a Delaware limited partnership formed by CONSOL and Noble Energy, announced today that CONE Midstream Partners has priced its initial public offering of 17,500,000 common units representing limited partner interests at a price to the public of $22.00 per common unit.
The common units are scheduled to begin trading on the New York Stock Exchange on September 25, 2014 under the ticker symbol "CNNX." The underwriters of the offering have a 30-day option to purchase up to an additional 2,625,000 common units to cover over-allotments, if any.
At the conclusion of the offering, the public will own a 29.4% limited partner interest in CONE Midstream Partners (or a 33.8% limited partner interest if the underwriters exercise in…
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