EQT Midstream IPO watch: Natural gas transportation operator EQT Midstream set its IPO price at $21 per common unit, to raise funds of up to $263 million by offering 12,500,000 common units. Citigroup and Barclays are working as the as lead underwriters. Merrill Lynch, Credit Suisse, J.P. Morgan and Wells Fargo are acting as joint book-running managers of the EQT Midstream IPO.
EQT Midstream will go public on the NYSE under the symbol “EQM.” EQT Midstream IPO is the first IPO after the Facebook IPO on May 17, 2012.
EQT Midstream is the limited partnership of natural gas producer EQT Corporation (EQT), the former currently has 700 miles of gas pipelines. For the 12 months ended September 30, 2011, the company booked $107 million in revenues.
Read more about the EQT Midstream IPO.
Find the upcoming IPOs, please go to IPO calendar.