Renaissance Capital logo

USD Partners LP prices IPO below the range at $17

October 8, 2014

USD Partners LP, an MLP that owns a crude oil rail terminal in Hardisty, Canada, raised $155 million by offering 9.1 million shares at $17, below the range of $19 to $21. USD Partners LP plans to list on the NYSE under the symbol USDP. USD Partners LP initially filed confidentially on 6/13/2014. Citi, Barclays, Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.