Tallgrass Energy Partners LP announced the launch of its initial public offering of 13.05 million common units representing limited partner interests. Tallgrass said it will list its common units on the New York Stock Exchange under the symbol "TEP."
Tallgrass anticipates granting the underwriters an option to purchase up to an additional 1.96 million common units at the initial public offering price.
After the offering, Tallgrass Development, LP and its affiliates will indirectly own common units and subordinated units representing approximately 66% of Tallgrass' outstanding units (about 62% if the underwriters exercise their option to purchase additional common units in full) and general partner units representing a 2% general partner interest in Tallgrass.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.