Kinder Morgan Upsizes IPO

Private equity-backed pipeline company Kinder Morgan priced its initial public offering above the expected range, Reuters reported, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998. Kinder Morgan sold 95.5 million shares for $30 each in a deal that values the company at more than $21 billion, Reuters wrote. Kinder Morgan is backed by the Carlyle Group and Goldman Sachs's buyout fund.

DealsNorth AmericaUSBriefs