Email
Shell Midstream Prices $920 Million IPO
Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced the pricing of its initial public offering of 40,000,000 common units representing limited partner interests at $23.00 per common unit.
The underwriters of the offering have a 30-day option to purchase up to an additional 6,000,000 common units from Shell Midstream Partners. The common units will begin trading on the New York Stock Exchange on October 29, 2014 under the ticker symbol "SHLX." The offering is expected to close on or about November 3, 2014, subject to customary closing conditions.
At the closing of this offering, the public will own a 29.0 percent limited partner interest in Shell Midstream Partners, or a 33.4 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Royal Dutch Shell, through certain of its subsidiaries, will own the remaining limited partner interest in Shell Midstream Partners, as well as its 2.0 percent general partner interest.
Barclays, Citigroup, Morgan Stanley and UBS Investment Bank are acting as book-running managers for the offering. Credit Suisse, Goldman Sachs, JP Morgan, Wells Fargo, RBC Capital Markets and Credit Agricole are acting as co-managers.
United States Related Financings
| Announced Date | Title | Company | Value($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 |