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CM - Oneok has largest midstream equity offering in 2.5 years - June 2020
Oneok Inc. sold 29.9 million shares at $32 each for gross proceeds of $956.8 million in a public offering launched June 11. The 3.9 million-share greenshoe was exercised in full, delivering $124.8 million of the total gross proceeds. The offering is the midstream sector’s largest public common equity sale since January 2018 when—coincidentally— Oneok sold 19 million shares for $55.02 each to raise over $1.02 billion. Oneok’s offering is the second public midstream common......
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