SunCoke Energy Partners LP sets terms for $270 million IPO

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SunCoke Energy Partners LP, an owner and operator of cokemaking facilities and related energy assets to aid in steel production process, announced terms for its IPO on Tuesday. The Lisle, IL-based company plans to raise $270 million by offering 13.5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, SunCoke Energy Partners LP would command a fully diluted market value of $628 million. SunCoke Energy Partners LP, which was founded in 2012 and booked $694 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol SXCP. Barclays, BofA Merrill Lynch, Citi, Credit Suisse 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: SXCP

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