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Tallgrass Energy prices IPO at $21.50, within the range
By: Renaissance Capital
Tallgrass Energy Partners, LP, a partnership formed to own, operate, acquire and develop midstream energy assets, raised $281 million by offering 13.1 million shares at $21.50, within the range of $21 to $23. Tallgrass Energy Partners, LP plans to list on the NYSE under the symbol TEP. Barclays, Citi, BofA Merrill Lynch and Deutsche Bank acted as lead managers on the deal.