Two E-commerce Firms Lead IPOs for Week of May 18th

24/7 Wall St.

IPOOf the 9 initial public offerings (IPO) on last week’s calendar 6 made it out the door, and for the second week in a row the largest IPO was the general partner of a natural gas midstream MLP. The coming week’s calendar i

EQP GP Holdings LP (NYSE: EQGP) displaced the previous week’s IPO of Tallgrass Energy GP LP (NYSE: TEGP) as the largest for the year to date as it sold 26.45 million common units at an IPO price of $27.The original plan called for 20 million shares in a price range of $20 to $24. The underwriters’ allotment of 3.45 million units was fully exercised at the IPO and those units are included in the total. EQT Corp. (NYSE: EQT) now owns about 90.1% of EQT GP Holdings and the public owns the rest.

In the week ahead there are 6 companies making a first run at an…

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