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Cheniere IPO raises $283.5 mln, top of range

Tue Mar 20, 2007 7:15pm EDT

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NEW YORK, March 20 (Reuters) - Cheniere Energy Partners, a limited partnership formed by Cheniere Energy Inc. (LNG.A), on Tuesday raised $283.5 with an initial public offering that was priced at the top of a forecast range.

IPOs

The 13.5 million common unit offering, raised from an initial 12.5 million units, sold for $21 per unit, compared with a $19 to $21 forecast range, according to an underwriter.

Led by Citigroup, Merrill Lynch & Co. and Credit Suisse, underwriters have the option to purchase more than 2 million common units to cover overallotments, according to an underwriter.

The company has been approved to list on the American Stock Exchange under the symbol "CQP." (CQP.A)

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