Kinder Morgan To Raise $1.5 Billion In IPO

Kinder Morgan’s common stock offering would be sold through Carlyle Group, Highstar Capital, Riverstone Holdings and the private-equity arm of Goldman Sachs.

U.S. pipeline company, Kinder Morgan Holdco, is planning to raise about $1.5 billion in an initial public offering. All the common stock in the offering of the company would be sold through Carlyle Group, Highstar Capital, Riverstone Holdings and the private-equity arm of Goldman Sachs.

Kinder Morgan, which operates Natural Gas Pipeline Company of America, will not be receiving any proceeds from the offering. The joint book-running managers for the proposed offering are Goldman and Barclays Capital.

Click here for the release from Kinder Morgan.

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