Alon USA prices IPO at $16, below the range

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Alon USA Partners, a limited partnership with oil refining and marketing operations in Texas, raised $160 million by offering 10 million shares at $16, below the range of $19 to $21. Alon USA Partners plans to list on the NYSE under the symbol ALDW. Goldman Sachs, Credit Suisse and Citi acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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