Tomorrow's scheduled IPO for Phillips 66 Partners is "multiple times oversubscribed,” IPO...

|About: Phillips 66 (PSX)|By:, SA News Editor

Tomorrow's scheduled IPO for Phillips 66 Partners is "multiple times oversubscribed,” IPO Boutique says, seeing trading to kick off in the $19-$21 range; the company is selling 15M shares and expects to raise ~$315M. Phillips 66 Partners was formed with pipeline and other logistics and transportation assets of refiner Phillips 66 (PSX).