Plains GP Holdings PAGP today announced the pricing
of its initial public offering of 128,000,000 Class A shares
representing limited partner interests (the “Class A shares”) at $22.00
per share. The Class A shares are expected to begin trading on the New
York Stock Exchange on October 16, 2013 under the ticker symbol “PAGP.”
The Partnership has granted the underwriters a 30-day option to purchase
up to an additional 19,200,000 Class A shares. The offering is expected
to close on October 21, 2013, subject to customary closing conditions.
The Partnership intends to distribute the net proceeds of the offering
of approximately $2.73 billion, together with any proceeds received
pursuant to an exercise by the underwriters of their option to purchase
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in