This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (TheStreet) -- Enable Midstream Partners (ENBL - Get Report) rose on Friday, the oil and natural gas company's first day of trading after its IPO.
The company, formed as a joint venture by affiliates of OGE Energy, CenterPoint Energy and ArcLight Capital Partners, priced its initial public offering at $20, the midpoint of its $19 to $21 range. Enable sold 25 million shares to raise $500 million.
The stock opened at $21.50 and hit a high of $23.22 as of 2:10 p.m., at which point nearly 15 million shares had changed hands.