Sprague Resources prices IPO at $18, below the range

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Sprague Resources, an LP that purchases, stores, distributes and sells refined petroleum products and natural gas, raised $153 million by offering 8.5 million shares at $18.00, below the range of $19 to $21. Sprague Resources LP plans to list on the NYSE under the symbol SRLP. Barclays, J.P. Morgan and BofA Merrill Lynch acted as lead managers 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.



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Referenced Stocks: SRLP

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