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USA Compression Partners prices upsized IPO at $18, below the range

Posted
1/14/2013 8:32:00 PM
By: Renaissance Capital
Referenced Stocks:USAC

USA Compression Partners, a limited partnership providing natural gas compression services in the US, raised $198 million by offering 11.0 million units at $18. The company had planned to offer 10 million units at a range of $19 to $21. USA Compression Partners, LP will list on the NYSE under the symbol USAC. Barclays, Goldman Sachs, J.P. Morgan and Wells Fargo acted as joint bookrunners on the deal.