Noble Midstream Partners LP (NBLX) plans to raise $250 million in an initial public offering (IPO) on Friday, September 16th. The company will be issuing 12,500,000 shares at a price of $19.00-$21.00 per share.
In the last year, Noble Midstream Partners LP generated $128.6 million in revenue and $55.5 million in net income. Noble Midstream Partners LP has a market cap of $318 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/noble-midstream-partners-lp-plans-250-million-ipo-for-september-16th-nblx.html
Barclays, Baird, J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, DNB Markets, Mizuho Securities, MUFG and Wells Fargo Securities acted as the underwriters for the IPO and BB&T Capital Markets, BNP PARIBAS, CIBC Fifth Third Securities, PNC Capital Markets, Scotia Howard Weil, SOCIETE GENERALE, SMBC Nikko and TD Securities were co-managers.
Noble Midstream Partners LP provided the following description of their company for its IPO: “We are a growth-oriented Delaware master limited partnership formed by our sponsor, Noble, to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. We currently provide crude oil, natural gas, and water-related midstream services for Noble through long-term, fixed-fee contracts. Our operating assets are currently focused in the Denver-Julesburg Basin, or DJ Basin, in Colorado, one of the premier liquid hydrocarbon basins in the United States. Noble intends for us to become its primary vehicle for domestic midstream operations that have not previously been dedicated to other ventures. “.
Noble Midstream Partners LP was founded in 2015 and has employees. The company is located at 1001 Noble Energy Way, Houston, TX 77070, US and can be reached via phone at (281) 872-3100 or on the web at http://www.NBLMidstream.com.
Receive News & Ratings for Noble Midstream Partners LP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Noble Midstream Partners LP and related companies with MarketBeat.com’s FREE daily email newsletter.