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.



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



This article appears in: News Headlines , IPOs

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