Columbia Pipeline Prices $1 Billion IPO
Columbia Pipeline Partners LP (CPPL) has filed a registration statement with the Securities and Exchange Commission for an initial public offering of CPPL's common units. CPPL intends to apply to list its common units on The New York Stock Exchange under the symbol "CPPL."
Share Price $23.00
Shares Offered 46,811,398
Offer Amount $1,076,662,154.00
Total Expenses $4,810,000.00
CPPL was formed by NiSource Inc. to own, operate and develop a portfolio of pipelines, storage and related midstream assets. CPPL's initial assets are expected to consist of a 14.6% interest in CPG OpCo LP, which will own substantially all of the natural gas transmission, storage and midstream assets of NiSource. CPPL expects to launch its initial public offering in the first quarter of 2015.
Barclays and Citigroup will act as the joint book-running managers of the offering. Lazard is also acting as a financial advisor to NiSource.
/Book Runner
United States Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2020-11-23 | New Blank Check Company Files $100MM IPO | Breeze Holdings Acquisition Corp. | 100 | IPO |
| 2020-08-18 | Star Peak Energy Transition Corp. Files $350 Million IPO | Star Peak Energy Transition Corp. | 350 | IPO |
| 2020-07-23 | New Startup E&P Company Armed with Millions Looking for Assets | East Resources Acquisition Co. | 345 | IPO |
| 2019-03-21 | Brigham Minerals Files to Go Public; Here's A Look at its Assets, Management | Brigham Minerals Inc. | 261 | IPO |