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Höegh LNG Partners closes IPO raising $220.8m

Höegh LNG Partners closes IPO raising $220.8m
Höegh LNG Partners successfully closed its IPO raising over $220m.

The company successful sold 11.04m units at $20 per unit, including an underwriters 30-day option of 1.44m units. The IPO raised $220.8m and the units began trading on the New York Stock Exchange on 7 August.

The units old in the IPO represent a 42% stake in the partnership with the remainder held by Höegh LNG Holdings.

Citigroup, BofA Merrill Lynch, Morgan Stanley, Barclays and UBS Investment Bank acted as the joint book-running managers for the offering.