NEW YORK (
) -- Kinder Morgan, a refined petroleum products pipeline operator, has filed for an initial public offering with hope of raising $1.5 billion.
Kinder Morgan will not receive any proceeds from the offering, according to
Securities and Exchange Commission
Kinder Morgan is backed by
The Carlyle Group
buyout fund, which took the company private in 2007. Other existing investors selling common stock in the offering include
Kinder Morgan plans to list its stock on the New York Stock Exchange under the symbol, "KMI".
will be managing the offering, according to SEC documents.
The filing comes at a time when several private equity companies are pulling the plug on public offerings.
offering was canned last week. Harrah's is owned by
Apollo Management Group
Texas Pacific Group
--Written by Maria Woehr in New York.
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