Tesoro Logistics LP (TLLP) IPO Trades Higher
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The IPO for Tesoro Logistics LP (NYSE: TLLP) is open for trading. Shares are trading at $23.31 after pricing 12,500,000 units at $21, the high end of the expected $19-$21 range.
The offering is being made through Citi, Wells Fargo Securities, BofA/Merrill Lynch, Credit Suisse, Barclays Capital, Deutsche Bank Securities, J.P. Morgan, Raymond James, and RBC Capital Markets.
Tesoro Logistics LP is a fee-based, growth-oriented Delaware limited partnership recently formed by Tesoro (NYSE: TSO) to own, operate, develop and acquire crude oil and refined products logistics assets.
The offering is being made through Citi, Wells Fargo Securities, BofA/Merrill Lynch, Credit Suisse, Barclays Capital, Deutsche Bank Securities, J.P. Morgan, Raymond James, and RBC Capital Markets.
Tesoro Logistics LP is a fee-based, growth-oriented Delaware limited partnership recently formed by Tesoro (NYSE: TSO) to own, operate, develop and acquire crude oil and refined products logistics assets.
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