IPO: Global Infrastructure-backed Hess Midstream launches IPO process


[Context: Master limited partnership Hess Midstream Partners, owned 50/50 by Global Infrastructure Partners II and Hess Corp, launched its IPO process. The offering could raise as much as $300m if Hess Midstream prices at the top of its range and underwriters exercise their full allotment. The entity owns midstream oil and gas assets in the Bakken shale play in North Dakota.]

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