Kinder Morgan Files $1.5 Billion IPO
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
with the
Securities and Exchange Commission
Kinder Morgan is backed by
The Carlyle Group
and
Goldman Sachs'
(GS) - Get Report
buyout fund, which took the company private in 2007. Other existing investors selling common stock in the offering include
Highstar Capital
and
Riverstone Holdings
.
Kinder Morgan plans to list its stock on the New York Stock Exchange under the symbol, "KMI".
Goldman Sachs
and
Barclays Capital
(BCS) - Get Report
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.
Harrah's Entertainment's
offering was canned last week. Harrah's is owned by
Apollo Management Group
and
Texas Pacific Group
.
--Written by Maria Woehr in New York.
To contact the writer of this article, click here:
Maria Woehr
.
To follow the writer on Twitter, go to
.
To submit a news tip, send an email to:
.
