CVR Partners (UAN) IPO Jumps Higher

April 8, 2011 9:36 AM EDT
The IPO for CVR Partners (NYSE: UAN) is open for trading. Shares are trading at $17.40 after pricing 19,200,000 common units IPO at $16 per unit, which was well above the expected $12-$14 range.

The offering is being made through Morgan Stanley, Barclays Capital, Goldman, Sachs & Co., Dahlman Rose & Co., RBS, Simmons & Co., and SunTrust Robinson Humphrey.

CVR Partners is a Delaware limited partnership formed by CVR Energy to own, operate and grow its nitrogen fertilizer business.


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