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Arc Logistics Partners prices IPO at $19, low end of the range
By: Renaissance Capital
Arc Logistics Partners LP, a Lightfoot Capital-backed MLP that owns crude oil and refined product terminals, raised $114 million by offering 6 million shares at $19, the low end of the range of $19-$21. Arc Logistics Partners plans to list on the NYSE under the symbol ARCX. Citi, Barclays, Suntrust Robinson Humphrey and Wells Fargo acted as lead managers on the deal.