Devon Midstream Partners, L.P. is a US-based company, has withdrawn its proposed initial public offering (IPO) of common stock.
Devon Midstream is a newly formed company of Devon Energy Corporation (Devon) that focuses on owing, operating, developing and acquiring the midstream assets in North America.
Announcement (September 27, 2013):
Devon Midstream has filed a registration statement with the US Securities and Exchange Commission (SEC) to raise approximately $400 million in an initial public offering (IPO) of common units representing limited partner interests of the company.
Devon Midstream intends to list its common units on the New York Stock Exchange under the ticker symbol of ?DVNM?.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital, Inc. are acting as underwriters for the offering.