USA Compression Partners, LP, a limited partnership providing natural gas compression services in the U.S, announced terms for its IPO on Monday. The Austin, TX-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the midpoint of the proposed range, USA Compression Partners, LP would command a fully diluted market value of $281 million. USA Compression Partners, LP, which was founded in 1998 and booked $115 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol USAC. Barclays, Goldman Sachs, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal.
