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Marlin Midstream Partners sets terms for $125 million IPO
By: Renaissance Capital
Marlin Midstream Partners LP, which owns and operates
midstream energy assets and provides gathering, transportation,
treating and processing services for natural gas companies,
announced terms for its IPO on Thursday. The Houston, TX-based
company plans to raise $125 million by offering 6.3 million
shares at a price range of $19 to $21. At the midpoint of the
proposed range, Marlin Midstream Partners LP would command a
fully diluted market value of $356 million.
Marlin Midstream Partners LP, which was founded in 2013 and booked $48 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol FISH. The company initially filed confidentially on May 3, 2013. Stifel, Baird and Oppenheimer & Co. are the joint bookrunners on the deal.