More from Renaissance Capital
Referenced Stocks

Southcross Energy sets terms for $180 million IPO

By Renaissance Capital,  October 22, 2012, 05:13:17 PM EDT

Southcross Energy Partners, which provides natural gas gathering, processing and transportation services in the southern US, announced terms for its IPO on Monday. The Dallas, TX-based company plans to raise $180 million by offering 9 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Southcross Energy Partners would command a fully diluted market value of $489 million. Southcross Energy Partners, which was founded in 2009 and booked $501 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol SXE. Citi, Wells Fargo Securities, Barclays and J.P. Morgan are 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: News Headlines, IPOs

Referenced Stocks: SXE



Latest News Video

Search For Victims Continues at Freeport Copper Mine
Search For Victims Continues at Fre...
Jon Stewart - the New Voice of America in China?
Jon Stewart - the New Voice of Amer...
Why China’s Property Prices Keep Rising
Why China’s Property Prices Keep Ri...
Dispute Threatens China-India Relations
Dispute Threatens China-India Relat...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%