Hess’ Houston-based MLP launches IPO of 12.5M units

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New York-based Hess Corp.’s (NYSE: HES) Houston-based master-limited partnership finally has launched its initial public offering. Hess Midstream Partners LP plans to price its IPO of 12.5 million units between $19 and $21 per unit, according to a March 27 release. The units are expected to trade on the New York Stock Exchange under the ticker symbol “HESM.” The units offered to the public are about 22.5 percent of the company, per the release. That figure jumps to 25.8 percent if the underwriters…


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