Noble Midstream Partners LP Plans $250 Million IPO for September 16th (NBLX)

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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.

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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.

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