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Summit Midstream prices IPO at $20 midpoint

September 27, 2012

Summit Midstream Partners, which owns natural gas gathering systems and pipelines in Texas and Colorado, raised $250 million by offering 12.5 million shares at $20, the midpoint of the $19-$21 range. Summit Midstream Partners plans to list on the NYSE under the symbol SMLP. Barclays, BofA Merrill Lynch, Goldman Sachs and Morgan Stanley acted as book runners on the deal.