PetroLogistics (PDH) Files $600M IPO

PetroLogistics LP (NYSE: PDH) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Units. The proposed maximum offering price is $600 million. PetroLogistics plans to list on the New York Stock Exchange under the ticker "PDH."

The offering is being made through Morgan Stanley, Citi, UBS Investment Bank, Wells Fargo Securities Societe Generale, and Stifel Nicolaus Weisel.

PetroLogistics owns and operates the world's largest propane dehydrogenation (PDH) facility that processes propane into propylene.

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