General | Capital Markets | IPO News
Shell Midstream LP Launches IPO
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Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, has announced that it has launched its initial public offering of 37,500,000 common units, representing limited partner interests.
The common units are expected to be listed on the New York Stock Exchange under the ticker symbol "SHLX." The underwriters of the offering will have a 30-day option to purchase up to an additional 5,625,000 common units from Shell Midstream Partners.
The common units being offered represent a 27.2 percent limited partner interest in Shell Midstream Partners, or a 31.3 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Royal Dutch Shell, through certain of its subsidiaries, will own the remaining limited partner…
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