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NGL Energy Partners prices IPO at $21, high end of the range

May 11, 2011
NGL

NGL Energy Partners LP, an LP that owns and operates a vertically integrated propane business, raised $74 million by offering 3,500,000 shares at $21.00, the high end of the range of $19.00 to $21.00. NGL Energy Partners LP plans to list on the NYSE under the symbol NGL. Wells Fargo Securities and RBC Capital Markets acted as lead managers on the deal.