Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: ValuEngine, Inc.
$25.00
Provider: ValuEngine, Inc.
$49.00
Provider: Pechala's Reports
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Plains GP Holdings LP Completes Initial Public Offering


Monday, 21 Oct 2013 11:45am EDT 

Plains GP Holdings, L.P announced that it has completed its Initial Public Offering of 128,000,000 Class A shares representing limited partner interests (the Class A shares) at $22.00 per share. PAGP will distribute the net proceeds of the offering of approximately $2.73 billion to the existing owners of Plains AAP, L.P. ("AAP") who sold a portion of their interests to PAGP in connection with the offering. AAP currently owns all of the incentive distribution rights and an indirect 2% general partner interest in Plains All American Pipeline, L.P. ("PAA"). As of the closing of the offering, PAGP owns a 21.1% limited partner interest in AAP (19.7% economic interest including the dilutive effect of management incentive units). Barclays, Goldman, Sachs & Co., J.P. Morgan, BofA Merrill Lynch, Citigroup, UBS Investment Bank and Wells Fargo Securities acted as joint book-running managers of the offering. Pursuant to the Underwriting Agreement entered into among PAGP, its general partner and the underwriters, PAGP granted the underwriters an option for a period of 30 days to purchase up to an additional 19,200,000 Class A Shares from PAGP. 

Company Quote

26.58
0.11 +0.42%
1:33pm EST