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MI - Oneok’s $832MM common sale is sector’s biggest in 2.5 years - June 2020
In what’s become a rare event in the midstream sector—a public common stock offering—Oneok, Inc. sold 26 million shares at $32 each to gross $832 million on June 11. Oneok also granted underwriters a 30-day option for 3.9 million additional common shares, which if exercised in full will deliver $124.8 million in additional gross proceeds. The offering is the midstream sector’s largest public common equity sale since January 2018 when, coincidentally, Oneok sold 19......
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