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Targa Resources Investments files for $300 million IPO

September 9, 2010

Targa Resources Investments, a Warburg Pincus-owned provider of midstream natural gas services, filed on Thursday with the SEC to raise up to $300 million in an initial public offering. The Houston, TX-based company, which booked $5.2 billion in sales for the 12 months ended June 30, plans to list on the NYSE under the symbol TRGP. Barclays Capital is the lead underwriter on the deal, for which terms and timing were not disclosed.