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PetroLogistics LP prices IPO at $17, low end of the revised range

By Renaissance Capital,  May 04, 2012, 08:39:51 AM EDT

PetroLogistics, an LP that operates the world's largest propane dehydrogenation facility, raised $595 million on Thursday after pricing 35 million units (96% insider) at $17, the low end of the revised range of $17 to $19. The company had originally set a price range of $19 to $21. Morgan Stanley, Citi and UBS acted as 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: Investing, IPOs

Referenced Stocks: PDH



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