☰

Empresas y finanzas

Kinder Morgan shares trade 5.5 percent above IPO price


    HOUSTON (Reuters) - Shares of pipeline company Kinder Morgan Inc traded at $31.65 on Friday, 5.5 percent above its initial public offering price in early New York Stock Exchange Trading.

    On Thursday, Houston based Kinder Morgan sold 95.5 million shares for $30 each -- more shares than expected and at a price above the expected range.

    It was the largest U.S. energy IPO since 1998, according to Thomson Reuters data.

    (Reporting by Anna Driver in Houston)