Houston— PetroLogistics, in a 23 Apr. filing with the U.S. Securities and Exchange Commission, said it expects shares to be priced between $19 and $21 in its initial public offering of 35-million shares (PCN, 27 June 2011, p 4). PetroLogistics is offering 1.5-million shares and its unit holder Propylene Holdings LLC is offering 33.5-million shares. PetroLogistics, which will use the proceeds for working capital, future projects and partnership purposes, has applied to list its shares on the New York Stock Exchange under the symbol "PDH."
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