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

By Renaissance Capital,

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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.

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This article appears in: Investing IPOs
Referenced Stocks: PDH

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