Phillips 66 Partners expect big iPo payday

摘要

Houston-Midstream flotation seen raking in $300 million Phillips 66 Partners LP, a midstream subsidiary of refiner Phillips 66, filed with US regulators late March 27 for its proposed ini- tial public offering. The new company said it expects to receive gross proceeds of over $300 million from the offering, and anticipated the IPO would take place in the second half of the year.