Tallgrass Energy GP LP, which holds GP and LP interests in midstream natural gas LP Tallgrass Energy, filed on Tuesday with the SEC to raise up to $863 million in an initial public offering.
Tallgrass Energy's filing arrives less than two weeks after EQT GP Holdings LP (EQGP), another IPO candidate with a gas pipeline MLP's incentive distribution rights, filed to raise $300 million.
The Leawood, KS-based company, which was formed in 2015 and booked $372 million in historical sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol TEGP. Citi and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.
