Today, Enable Midstream Partners LP announced its initial public offering price. The IPO was valued USD20 per share piece and would be listed on the New York Stock Exchange under the ticker symbol ENBL. Enable Midstream Partners listed 25,000,000 shares of common stock on the NYSE. A 30 day option for underwriters for additional 3,750,000 common units from the partner of ArcLight Capital Partners LLC was offered to underwriters. Enable Midstream Partners would start trading on Aril 11 and has been expected to close by April 16.
The IPO would allow public ownership of around 6.0 percent of limited partner interests in the company. However, the public would own 6.9 percent of the shares if the underwriters would fully implement purchase on the additional shares.
Enable Midstream has appointed Goldman Sachs, Morgan Stanley, Citigroup, Deutsche Bank, Barclays Capital, UBS Investment Bank, Wells Fargo and JP Morgan as acting joint book running managers for the public listing. Meanwhile Credit Suisse, RBC Capital Markets and Bank of America Merrill Lynch served as co-managers for the IPO.
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