Renaissance Capital logo

Dominion Midstream LP prices IPO at $21, the high end of the range

October 14, 2014
DM

Dominion Midstream Partners LP, an MLP carved out of Dominion Resources to own an LNG terminal in Maryland, raised $368 million by offering 17.5 million shares at $21, the high end of the $19 to $21 range.

Dominion Midstream Partners LP plans to list on the NYSE under the symbol DM. Barclays, Citi, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, UBS Investment Bank and Morgan Stanley acted as lead managers on the deal.