Nov 19 Alon USA Energy Inc's limited
partnership unit Alon USA Partners LP priced its initial public
offering of 10 million units at $16 each, according to a market
The price per unit is significantly below the partnership
unit's expected price range of $19 to $21 apiece.
The Dallas-based company had filed with the U.S. Securities
and Exchange Commission in August to raise up to $230 million in
an initial public offering.
Alon USA Partners was formed in the same month to own and
operate its parent's refining and petroleum marketing business
in south central and southwestern regions of the United States.
Goldman Sachs & Co, Credit Suisse and Citigroup are acting
as lead underwriters for the offering.
Alon USA Partners units are expected to begin trading on
Tuesday on the New York Stock Exchange under the symbol "ALDW."