Back to Main

SunCoke Energy Partners files for a $350 million IPO

By: Renaissance Capital
Posted: 8/8/2012 6:47:00 PM
Referenced Stocks: SXC

SunCoke Energy Partners, a recently formed limited partnership which owns and operates cokemaking facilities and related energy assets to aid in steel production process, filed on Wednesday with the SEC to raise up to $350 million in an initial public offering. The Lisle, IL-based company, which was formed in July 2012, plans to list on the NYSE under the symbol SXCP. Barclays is the sole bookrunner on the deal. No pricing terms were disclosed.

SunCoke Energy Partners' general partner, SunCoke Energy ( SXC ) completed its own IPO in July 2011, pricing at $17 and raising $186 million. SunCoke Energy is up .2% since its IPO, and up 36.7% over the past year. SunCoke Energy trades on the NYSE.