Noble Midstream Partners LP (NBLX) IPO Opens Up 18%

September 15, 2016 10:02 AM EDT
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Today's IPO for Noble Midstream Partners LP (NYSE: NBLX) opened for trading at $26.50 per unit after pricing 12,500,000 common units representing limited partner interests at a public offering price of $22.50 per common unit.

Barclays, Baird, J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, DNB Markets, Mizuho Securities, MUFG and Wells Fargo Securities are acting as book-running managers for the offering and Barclays and Baird are acting as structuring fee agents for the offering.

Noble Midstream is a growth-oriented Delaware master limited partnership formed by its sponsor, Noble Energy, to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services for Noble Energy in the DJ Basin in Colorado. Our areas of focus are in the DJ Basin and the Delaware Basin in Texas.

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