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Hi-Crush Partners prices at $17, below the range

By Renaissance Capital,  August 15, 2012, 05:56:54 PM EDT

Hi-Crush Partners, which produces frac sand used in recovering hydrocarbons from oil and natural gas wells, priced its 11.25 million share IPO at $17, below the $19-$21 range. Based on the company's minimum annualized distributions/share of $1.90, it offers an 11.2% yield. Barclays, Morgan Stanley, Credit Suisse and UBS were the 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: HCLP



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