LNG carrier spinoff GasLog Partners LP sets terms for $168 million IPO

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GasLog Partners LP, a GasLog spinoff that owns and operates three LNG carriers, announced terms for its IPO on Monday. The Monaco-based company plans to raise $168 million by offering 8.4 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a market value of $401 million. GasLog Partners, which was founded in 2014 and booked $64 million in charter revenue for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol GLOP. It initially filed confidentially on February 3, 2014. Citi, Credit Suisse, Wells Fargo, Barclays, Evercore Partners and UBS Securities are the joint bookrunners on the deal. It is expected to price next week.




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