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Any interest in oil? Black Stone Minerals LP files for an IPO that could raise $700 million

Black Stone Minerals LP, an MLP with royalty interests in oil and gas production assets across the US, filed on Thursday with the SEC to raise up to $700 million in an initial public offering.

The Houston, TX-based company, which was founded in 1998 and booked $548 million in sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol BSM. Black Stone Minerals LP initially filed confidentially on October 8, 2014. Barclays, BofA Merrill Lynch, Citi, Credit Suisse and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Any interest in oil? Black Stone Minerals LP files for an IPO that could raise $700 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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