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Shell Midstream files for US IPO

Wed, 18th Jun 2014 10:15

June 18 (Reuters) - Shell Midstream Partners LP, a masterlimited partnership formed by Royal Dutch Shell Plc,filed with U.S. regulators on Wednesday to raise up to $750million in an initial public offering of common units.

Barclays and Citigroup are underwriting the IPO, theHouston, Texas-based company said in a preliminary prospectusfiled with the U.S Securities and Exchange Commission. (http://bit.ly/1iG7z6c)

The amount of money a company says it plans to raise in itsfirst IPO filing is used to calculate registration fees. Thefinal size of the IPO could be different. (Reporting by Amrutha Gayathri in Bangalore; Editing bySaumyadeb Chakrabarty)

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