Petroleum transportation company American Petroleum files for a $173 million IPO
American Petroleum Tankers Partners LP, which provides seaborne transportation of refined petroleum products and crude oil, filed on Tuesday with the SEC to raise up to $173 million in an initial public offering. The Plymouth Meeting, PA-based company, which was founded in 2010 and booked $96 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol JAT. American Petroleum initially filed confidentially on August 26, 2013. BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
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