Enable Midstream Partners sets terms for $500 million IPO


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Enable Midstream Partners LP, which owns, operates and develops natural gas and crude oil infrastructure assets, announced terms for its IPO on Tuesday. The Oklahoma City, OK-based company plans to raise $500 million by offering 25 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a market value of $8.4 billion.

Enable Midstream Partners LP, which was formed in 2013 and booked $3.1 billion in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol ENBL. Morgan Stanley, Barclays, Goldman Sachs, Citi, Deutsche Bank, J.P. Morgan, UBS Securities and Wells Fargo 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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