Tesoro Logistics is seeking to raise $301.9 million in an initial public offering (IPO), Reuters reports. The subsidiary of oil refiner Tesoro will sell 12.5 million of shares and use the net proceeds for certain capital expenditures incurred. The size of the offering has been increased from an initially planned $230 million. The lead underwriters of the IPO are Citigroup, Wells Fargo, Bank of America Merrill Lynch and Credit Suisse.
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