February 11 filings with U.S. market regulators show that Kinder Morgan, Inc. priced its upsized initial public offer (IPO) shares offered by private equity investors at US$30 per share to raise $2.9 billion. At that level, the IPO broke prior records for U.S. private equity driven IPOs. But that record breaking performance was made even more so after the greenshoe overallotment granting 15% additional shares brought the take of the largest energy IPO in more than a decade to $3.29 billion.

Glencore International AG, recognized widely as the globe's biggest ...