PetroLogistics LP filed an amendment to price its IPO of 35 million shares between $19 and $21 per unit in order to raise up to $805 million. The company, which will trade under the "PDH" symbol, will offer 1.5 million units and Propylene Holdings LLC will sell 33.5 million units as part of the IPO.
PetroLogistics, a producer of propylene, will use the net proceeds for working capital and general corporate purposes. The company is majority-owned by Lindsay Goldberg, a private equity firm, and York Capital, an investment firm.
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