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.

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This article appears in: News Headlines , IPOs


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