Nov 5 Western Gas Equity Partners LP filed with
U.S. regulators on Monday to raise up to $362.3 million in an
initial public offering of its common units.
The Texas-based limited partnership told the U.S Securities
and Exchange Commission in a preliminary prospectus that
Barclays and Citigroup were underwriting the IPO.
The limited partnership was formed to own three types of
partnership interests in Western Gas Partners LP.
Western Gas Partners is a master limited partnership set up by
Anadarko Petroleum Corp to acquire and operate
midstream energy assets. ()
Western Gas Equity Partners plans to sell 15 million common
units. The filing did not reveal the expected price of the
The company intends to list its common units on the New York
Stock Exchange under the symbol "WGP".
Separately, Israel-based translation software and internet
search provider Babylon Ltd filed a preliminary prospectus to
raise up to $115 million in an IPO of its ordinary shares. The
company intends to list on the Nasdaq. ()
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.