Enable Midstream Partners (ENBL) Stock Rises After IPO

NEW YORK (TheStreet) -- Enable Midstream Partners  (ENBL) 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.

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ENBL Chart

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