USA Compression Partners sets terms for $200 million IPO

By
A A A

USA Compression Partners, LP, a limited partnership providing natural gas compression services in the U.S, announced terms for its IPO on Monday. The Austin, TX-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the midpoint of the proposed range, USA Compression Partners, LP would command a fully diluted market value of $281 million. USA Compression Partners, LP, which was founded in 1998 and booked $115 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol USAC. Barclays, Goldman Sachs, J.P. Morgan and Wells Fargo Securities 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: USAC

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

The Pumpkin Carvers
The Pumpkin Carvers                 

Stocks

Referenced

Most Active by Volume

71,908,683
  • $97.635 ▲ 3.08%
41,586,583
  • $70.86 ▲ 2.30%
41,258,883
  • $45 ▲ 0.38%
35,601,224
  • $15.5385 ▲ 0.12%
29,623,612
  • $22.50 ▼ 9.35%
28,783,810
  • $28.6999 ▲ 0.63%
28,561,810
  • $10.90 ▲ 10.66%
28,134,497
  • $3.44 ▼ 1.15%
As of 7/23/2014, 02:23 PM