Arc Logistics Partners LP launched its initial public offering or IPO of 6.0 million common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. Arc Logistics expects granting the underwriters an option to buy up to an additional 0.9 million common units at the IPO price.
The company would list its common units on the New York Stock Exchange under the ticker symbol "ARCX."
Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, are acting as joint book-running managers for the offering, and RBC Capital Markets, LLC, Robert W. Baird & Co. Inc., Stifel, Nicolaus & Company, Incorporated and Global Hunter Securities are acting as co-managers for the offering.
by RTT Staff Writer
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