Thursday, November 16, 2006

Constellation IPO

Constellation Energy Partners LLC priced its initial public offering at $21 a share, the top of its $19-$21 range. The stock opened at $21.75 and rose to $22.

The Baltimore-based company raised $94.5 million by offering 4.5 million units.

The partnership formed by Constellation Energy had reduced the size of the IPO from 6.275 million units.