Marlin Midstream Partners LP, which owns and operates midstream energy assets and provides gathering, transportation, treating and processing services for natural gas companies, announced terms for its IPO on Thursday. The Houston, TX-based company plans to raise $125 million by offering 6.3 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Marlin Midstream Partners LP would command a fully diluted market value of $356 million.
Marlin Midstream Partners LP, which was founded in 2013 and booked $48 million in sales for the 12 months ended March 31, 2013, plans to list on the NASDAQ under the symbol FISH. The company initially filed confidentially on May 3, 2013. Stifel, Baird and Oppenheimer & Co. are the joint bookrunners on the deal.
