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SMLP News

Summit Midstream prices IPO at $20 midpoint

Summit Midstream Partners, which owns natural gas gathering systems and pipelines in Texas and Colorado, raised $250 million by offering 12.5 million shares at $20, the midpoint of the $19-$21 range. Summit Midstream Partners plans to list on the NYSE under the...read more

4 US IPOs planned for the week of Sep 24

The following IPOs are expected to price this week: Grupo Financiero Santander Mexico (BSMX), a second largest bank in Mexico and a spin-off of Spanish bank...read more

All five deals trade up in first batch of US IPOs since August

Led by the 41% first-day return of real estate listings company Trulia (TRLA), five US IPOs priced and traded up this week. Following a 35-day lull (late August is seasonally slow for...read more

Summit Midstream Partners sets terms for $250 million US IPO

Summit Midstream Partners, an LP focused on owning and operating midstream energy infrastructure, announced terms for its IPO on Thursday. The Dallas, TX-based company plans to raise $250 million by offering 12.5 million units at a price range of $19 to $21. At...read more