Renaissance Capital logo

Midcoast Energy Partners prices IPO at $18, below the range

November 6, 2013
MEP

Midcoast Energy Partners, LP, an Enbridge Energy Partners-backed LP that owns natural gas/NGL midstream assets, raised $333 million by offering 18.5 million shares at $18, below the range of $19 to $21. Midcoast Energy Partners, LP plans to list on the NYSE under the symbol MEP. BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo and UBS were the bookrunners on the deal.