Phillips 66 Partners LP prices upsized IPO at $23.00, above the range

By Renaissance Capital,

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Phillips 66 Partners LP, a Phillips 66-backed limited partnership that owns pipeline and logistics assets, raised $378 million by offering 16.4 million shares at $23, above the range of $19-$21. The company had originally planned to sell 15 million shares. Phillips 66 Partners LP plans to list on the NYSE under the symbol PSXP. J.P. Morgan and Morgan Stanley acted as 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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: PSXP

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