Noble Midstream Partners has commenced a public offering of 12.5million units representing limited partner interest in Noble Midstream.
The units have been put on a public offering of between $19 and $21.
The company expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 common units at the initial public offering price.
The units are expected to trade on the New York Stock Exchange.
The common units being offered to the public represent an approximate 34% limited partner interest in Noble Midstream, or an approximate 39% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units.
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