Credit: Shutterstock photoHess Midstream Partners LP, an MLP formed by Hess and GIP to own gathering/processing assets in the Bakken, raised $340 million by offering 14.8 million shares at $23, above the range of $19 to $21. The company had originally planned to sell 12.5 million shares before upsizing the deal. Hess Midstream Partners LP plans to list on the NYSE under the symbol HESM. Goldman Sachs, Morgan Stanley, Citi, J.P. Morgan, MUFG and Wells Fargo Securities acted as lead managers on the deal.
The article Hess Midstream LP prices upsized IPO at $23, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
