There is no doubt that 2012 has been more than robust for equity issuances by master limited partnerships (MLPs). With September registering two IPOs, nine secondary offerings and one private placement, 2012 is poised to set a new record for MLP offerings. For full-year 2012, "we estimate that there could be $21.7 billion of equity issuances, "according to the Wells Fargo MLP research team, led by senior analyst Michael Blum. "This would represent the highest annual amount of equity issuances in a single year."
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