Shell Pipeline Unit Seeks as Much as $787.5 Million in U.S. IPO
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Shell Midstream Partners LP, the pipeline company backed by Europe’s largest oil company, is seeking as much as $787.5 million in a U.S. initial public offering.
The Houston-based company, which owns a stake in the Houston-to-Houma, or Ho-Ho, crude oil pipeline among others, is offering 37.5 million shares at $19 to $21 apiece, according to a regulatory filing today. The offering is scheduled to price on Oct. 28, data compiled by Bloomberg show.