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IPO Preview: Columbia Pipeline Partners LP

Based in Houston, TX, Columbia Pipeline Partners LP (Pending:[[CPPL]]) scheduled an $800 million IPO on NYSE with a market capitalization of $1.9 billion at a price range midpoint of $20 for Friday, Feb. 6, 2015. Priced at $23, 15% above mid-range, no change in conclusion.

The full IPO calendar is available at IPOpremium

SEC Documents

Manager, Joint-managers: Barclays, Citigroup, BofA Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley; Wells Fargo Securities
Co-managers: BNP PARIBAS, Credit Suisse, RBC Capital Markets, Fifth Third Securities, KeyBanc Capital Markets, MUFG, Mizuho Securities, Scotiabank- Howard Weil, Huntington Investment Company

End of lockup (180 days): Wednesday, August 5, 2015
End of 40-day quiet period: Wednesday, March 18, 2015

Summary
CPPL is a fee-based, growth-oriented Delaware limited partnership formed by NiSource (NYSE: [[NI]]) $13.4 billion market cap) to own, operate and develop a portfolio of natural gas pipelines, storage and related midstream assets.

Valuation
Glossary

Per share