Kinder Morgan has raised around $2.9 billion in an initial public offering, Bloomberg reports. The U.S. energy pipeline operator, which sold 95.5 million shares, was initially planning to sell 80 million shares.
Kinder Morgan is backed by private-equity investors, including Carlyle Group and Goldman Sachs. The offering was underwritten by Goldman and Barclays. All of the shares issued were owned by Goldman, New York-based Highstar Capital, Carlyle and Riverstone Holdings.
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