The initial public offering of Western Gas Partners LP, which was being spun off by Anadarko Petroleum Corp, decided the price on Thursday.
Anadarko had registered the gas-gathering unit for an IPO in October, but said conditions in late January and early February were not favorable for the offering.
The IPO was expected to price between $17 and $19.
Business valuations and financial results of the Western Gas Partners can be found at Hoovers website
The underwriter said 18.75 million common units were priced in the offering. The common units will be listed on the New York Stock Exchange and traded under the symbol "WES."
What will the stock holding pattern post IPO for Western Gas Partners IPO?
As per the news of ReutersAfter the offering, the public will own about 35 percent in limited partner interest in Western Gas Partners, or 40 percent if the underwriters exercise an overallotment option, Anadarko previously said. Anadarko will own the remaining equity interests, including the general partner interest.
Let’s see how this IPO performs once its lists on the stock exxchagnes. | Table of Contents |
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