Hess Midstream (NYSE:HESM) priced public offering of an aggregate of 10M at $33.1 per share.
Gross proceeds of $331M,.
Underwriters have a 30-day option to purchase up to 1.5M additional shares.
The company will not receive any proceeds from the sale of shares in the offering.
The offering is expected to close on February 8, 2024.
The stock price is down 3.7% on Tuesday during pre-market trading. The has gained about 10% during last month.
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