Renaissance Capital logo

Tesoro Logistics prices upsized IPO at $21, high end of the range

April 20, 2011

Tesoro Logistics, an LP formed by Tesoro to own crude oil and refined products logistics assets, raised $273 million by offering 13 million shares (4% more than originally planned) at $21, the high end of the range of $19 to $21. Tesoro Logistics LP plans to list on the NYSE under the symbol TLLP. Citi, Wells Fargo Securities, and BofA Merrill Lynch acted as lead managers on the deal.