Credit: Shutterstock photoQEP Midstream Partners, LP, a QEP Resources-backed limited partnership that owns midstream assets in Wyoming, Colorado, Utah and North Dakota, announced terms for its IPO on Thursday. The Denver, CO-based company plans to raise $400 million by offering 20 million shares at a price range of $19 to $21. At the midpoint of the proposed range, QEP Midstream Partners, LP would command a fully diluted market value of $1.1 billion.
QEP Midstream Partners, LP, which was founded in 2013 and booked $160 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol QEPM. Wells Fargo Securities, Morgan Stanley, Citi, Deutsche Bank and J.P. Morgan are the joint bookrunners on the deal.
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.
