BP Midstream Partners LP, an MLP formed by BP to own pipelines for crude oil and refined products, raised $765 million by offering 42.5 million shares at $18, below the range of $19 to $21. BP Midstream Partners LP plans to list on the NYSE under the symbol BPMP. Citi, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, J.P. Morgan and UBS Investment Bank acted as lead managers on the deal.
