Green Touch Builders | Houston MLP raises $1B in upsized IPO
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February 6, 2015 By SEO Admin

Houston MLP raises $1B in upsized IPO

Columbia Pipeline Partners LP (NYSE: CPPL) raised nearly $1.08 billion by offering more than 46.81 million common units priced at $23 each, above its stated range.

The Houston-based master-limited partnership had planned to offer 40 million units priced between $19 and $21, which would have raised $800 million at the midpoint. Underwriters also have a 30-day option to purchase up to an addition 7.02 million common units, up from the 6 million Columbia Pipeline planned to offer them.

Not only is…