Westlake Chemical prices IPO at $24, well above the range

By Renaissance Capital,

Shutterstock photo

Westlake Chemical Partners LP, an ethylene producer spun out of Westlake Chemical ( WLK ), raised $270 million by offering 11.3 million shares (all primary) at $24, well above the $19-$21 range. Westlake Chemical Partners LP, which now commands a market cap of $609 million will list on the NYSE under the symbol WLKP. Barclays, UBS Investment Bank, BofA Merrill Lynch, Deutsche Bank and Morgan Stanley all 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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: WLK , WLKP

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com