Kinder Morgan, a leading owner and operator of 37,000 miles of pipelines and roughly 180 terminals, announced terms for its IPO on Thursday. The Houston, TX-based company plans to raise $2.2 billion by offering 80 million shares at a price range of $26 to $29. At the mid-point of the proposed range, Kinder Morgan will command a market value of $19.4 billion. Kinder Morgan, which was founded in 1992 and booked $8.2 billion in sales for the 12 months ended September 30, 2010, plans to list on the NYSE under the symbol KMI. Goldman, Sachs & Co. and Barclays Capital are the lead underwriters on the deal, which is expected to price during the week of February 7.
