Alon USA sets terms for $200 million US IPO

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Alon USA Partners, an owner and operator of refining and petroleum products marketing business, announced terms for its IPO on Friday. The Dallas, TX-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Alon USA Partners would command a fully diluted market value of $1.3 billion. Alon USA Partners, which was founded in 2012 and booked $3.5 billion in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol ALDW. Goldman Sachs, Credit Suisse and Citi are the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs

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