Today marks the debut for Cheniere Energy Partners (CQP-AMEX), the new limited partnership out of Cheniere (LNG-AMEX) itself. The IPO priced at $21.00, which was the top of the of the $19.00 to $21.00 range. Credit Suisse, Citigroup, and Merrill Lynch were the book runners and co-managers are listed as Sanders Morris Harris, RBC Capital, and Stifel Nicolaus.
This is the limited partnership that will operate the Liquified Natural Gas storage terminal being constructed in Louisiana. Here was our full piece after they set the terms for the IPO.
Shares of CQP are trading at $21.75 on more than 2.5 million shares after the IPO has opened; LNG shares are up 0.1% at $30.98.
Jon C. Ogg
March 21, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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