Ethylene producer Westlake Chemical files for a $272 million IPO
Westlake Chemical Partners LP, an ethylene producer spun out of Westlake Chemical Corporation, filed on Tuesday with the SEC to raise up to $272 million in an initial public offering. The Houston, TX-based company, which was formed in 2014 and booked $1.2 billion in pro forma predecessor sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol WLKP. Barclays and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.