Tallgrass Energy GP (TEGP) Files for $862.5M IPO (TEP)

Tallgrass Energy GP, LP (NYSE: TEGP) filed with the U.S. SEC for an IPO of its Class A shares representing Limited Partner Interests. The proposed maximum offering price is $862.5 million. The company plans to list on the NYSE under the symbol, TEGP.

The offering is being made via Citigroup and Goldman, Sachs & Co.

Tallgrass Energy GP is a recently formed Delaware limited partnership that will elect to be treated as a corporation for U.S. federal income tax purposes. It will contain cash-generating assets of Tallgrass Equity (NYSE: TEP).

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