kapalyze 2012 mlp ipo report

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kapalyzeCapital Markets Intelligence

2012 MLP IPO Summary

Kapalyze2012 MLP IPO Summary


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About kapalyze.com

With kapalyze finance professionals can focus on what is important, managing relationships and optimizing deals rates and fees.

We deliver a simple, user friendly and a graphically appealing application that provides users with a clear picture of capital

markets activities. Kapalyze is an intuitive platform that analyzes banking relationships and capital markets deals to optimize

rates and fees for both bankers and companies.

Start by visitingwww.kapalyze.comand register for a free 30 day trial.

Do you have a large number of deals to analyze? We can probably help. [email protected].

Kapalyze is an intuitive tool for bankers and

finance executives to manage relationships,

track capital markets activity and optimize

future deal rates and fees
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View the MLP IPO 2012 report online (link)

In this report we take a closer look at 2012 underwriting activity for Midstream Master Limited Partnership

IPOs.

A total of 33 banks launched 15 MLP IPOs in 2012.

Underwriting discounts ranged between 4.00% and 7.00% with an average around 6.00%.

How important is it for a bank to cultivate a close relationship with a client? Just ask Morgan Stanley and

Raymond James. Morgan Stanley participated in 7 out of a total of 15 deals but collected the most in MLP

IPO fees in 2012. The bank was the lead book-runner on the first IPO of 2012 for Petrologistics. For that deal

it syndicated a whopping 57% of the total deal amount.

Raymond James was also an outlier lead book-runner on the Lehigh Gas Partners IPO. The bank syndicated

50% of the deal.

On average the lead left book-runner syndicated 25% of a midstream MLP IPO deal, excluding outlier

percentages.

The top 5 underwriters by fee are Morgan Stanley, Barclays, Citi, Bank of America Merrill Lynch, and Wells

Fargo.

The top underwriters by deal count are Barclays (10), Citi (9), RBC (9), Wells Fargo (9), BAML (8), Deutsche

Bank (8), Baird (7), Goldman Sachs (7), Morgan Stanley (7) and UBS (7).

Note: Analysis does not include overallotment units issued. In some deals, bank syndication units are rounded.

SOURCE: COMPANY PUBLIC FILINGS. THIS ANALYSIS DOES NOT CONSTITUE CAPITAL MAREKTS, INVESTMENT, LEGAL, OR TAX ADVICE WITH RESPECT TO OUR PRODUCTS AND SERVICES AND IT IS IMPORTANT THAT YOU DO NOT

SOLELY RELY ON ITS CONTENT WHEN INVESTMENT MAKING DECISIONS. YOU SHOULD OBTAIN RELEVANT AND SPECIFIC PROFESSIONAL ADVICE BEFORE MAKING ANY DECISION TO ENTER INTO ANY CAPITAL MAREKTS

TRANSACTION. KAPALYZE DOES NOT REPRESENT THAT THE INFORMATION IN THIS DOCUMENT INCLUDING THIRD PARTY INFORMATION, IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE SOLELY RELIED UPON AS SUCH.
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Fee Summary


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Top 3 Banks by Fees Profiles


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Top 3 IPO Case Studies


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View the MLP IPO 2012 report online (link)

Important Disclosures from Kapalyze, LLC (www.kapalyze.com)

All rights reserved. This report may not be reproduced or redistributed, in whole or in part, without the written permission of Kapalyze, LLC. Kapalyze, LLC accepts no liability whatsoever for the

actions of third parties in this respect. The information and opinions in this report were prepared by Kapalyze. This report is not investment advice and should not be relied on for such advice or

as a substitute for consultation with professional accountants, tax, legal or financial advisors. This report is not a substitute for tailored professional advice on how a specific institution should

execute its strategy. Kapalyze has made every effort to use reliable, up-to-date and comprehensive information and analysis, but all information is provided without warranty of any kind, express

or implied. Kapalyze disclaims any responsibility to update the information or conclusions in this report. Kapalyze accepts no l iability for any loss arising from any action taken or refrained from

as a result of information contained in this report or any reports or sources of information referred to herein, or for any consequential, special or similar damages even if advised of the possibility

of such damages. The report is not an offer to buy or sell securities or a solicitation of an offer to buy or sell securities. This report may not be sold without the written consent of Kapalyze.

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kapalyze 2012 mlp ipo report

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