Shell Midstream Partners files for $750 million IPO

Shell Midstream Partners, LP, which owns crude oil and refined products pipelines in the Gulf Coast region, filed on Wednesday with the SEC to raise up to $750 million in an initial public offering. The Houston, TX-based company, which was recently formed by Shell, plans to list under the symbol SHLX. Barclays and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.