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EQT Midstream Partners sets IPO terms

By Renaissance Capital,  June 18, 2012, 04:46:35 PM EDT

EQT Midstream Partners, which operates a 700-mile pipeline system to transmit natural gas from the Appalachian basin, announced terms for its IPO on Monday. The Pittsburgh, PA-based company plans to raise $250 million by offering 12.5 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, EQT Midstream Partners would command a market value of $708 million. EQT Midstream Partners, which was founded in 2012 and booked $114 million in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol EQM. Citi and Barclays 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

Referenced Stocks: EQM



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