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Columbia Pipeline Partners IPO Could Make A Big Splash

Columbia Pipeline Partners LP (Pending:[[CPPL]]) expects to raise $966,000,000 in its upcoming IPO. Based in Merrillville, Indiana, Columbia Pipeline Partners engages in the natural gas transmission and storage business.

CPPL will offer 40 million shares at an expected price range of $19 to $21. If the underwriters price the IPO at the mid-point of that range, CPPL will have a market capitalization of $1.9 billion.

CPPL filed for the IPO on September 9, 2014.

Lead Underwriters: Barclays Capital, BofA Merrill Lynch, and Citigroup Global Markets

Underwriters: BNP Paribas Securities, Credit Suisse Securities, Fifth Third Securities, Goldman Sachs, J.P. Morgan, KeyBanc Capital Markets, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley, RBC Capital Markets, Scotia Capital Markets, The Huntington Investment Company, and Wells Fargo Securities

Business Summary: Operator of Natural Gas Transmission and Storage Facilities

Columbia Pipeline Partners operates within the natural gas transmission and storage sector. The company acquires and manages… Read More …