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Shell Midstream Partners prices upsized IPO above the range at $23

October 28, 2014

Shell Midstream Partners LP, a Shell-backed MLP that owns crude oil and refined products pipelines, raised $920 million in an upsized IPO by offering 40 million shares at $23, above the range of $19 to $21. Shell Midstream Partners LP plans to list on the NYSE under the symbol SHLX. Barclays, Citi, Morgan Stanley and UBS Investment Bank acted as lead managers on the deal.