Targa Resources Corp., which holds GP and LP interests the publicly-traded Targa Resources Partners (NYSE: NGLS), raised $360 million on Monday by offering 16.4 million shares at $22, above the $19 to $21 proposed range. Selling shareholders also increased the number of shares offered by 19% (was 13.8 million, all insider), resulting in an IPO 31% larger than originally proposed. Targa Resources Corp. will begin trading Tuesday on the NYSE under the symbol TRGP. Barclays Capital, Morgan Stanley, and BofA Merrill Lynch acted as lead managers on the deal.
