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QEP Midstream Partners files for a $400 million IPO

May 9, 2013

QEP Midstream Partners, LP, a QEP Resources-backed limited partnership that owns midstream assets in Wyoming, Colorado, Utah and North Dakota, filed on Thursday with the SEC to raise up to $400 million in an initial public offering.

The Denver, CO-based company, which was founded in 2013 and whose predecessor booked $161 million in sales for the year ended December 31, 2012, plans to list on the NYSE under the symbol QEPM. Wells Fargo Securities is the sole bookrunner on the deal. No pricing terms were disclosed.