PetroLogistics LP, which operates the world's largest propane dehydrogenation facility that processes propane into propylene, filed on Tuesday with the SEC to raise up to $600 million in an initial public offering. The Houston, TX-based company, which was founded in 2004 and booked $136 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol PDH. Morgan Stanley, Citi, and UBS Investment Bank are the lead underwriters on the deal. No pricing terms were disclosed.
