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


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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.

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This article appears in: News Headlines , IPOs
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