Kinder Morgan Inc., an oil and gas pipeline company, priced its $2.9 billion initial public offering Friday.
Houston-based Kinder Morgan sold 95.5 million shares for $30 each in the largest U.S. energy IPO since 1998, Reuters reports. The IPO is also the largest private-equity backed IPO in U.S. history, according to Bloomberg. Kinder Morgan was taken private three years ago by The Carlyle Group and Goldman Sachs’s private equity arm in a $22 billion leveraged buyout.
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