US PetroLogistics falls 3% in debut on New York Stock Exchange
04 May 2012 23:54 [Source: ICIS news]
HOUSTON (ICIS)--US-based propylene producer PetroLogistics fell by 3% during its Friday debut on the New York Stock Exchange.
The company had priced its common units at $17. They closed the day at $16.50, after falling as low as $14.50, according to the New York Stock Exchange.
PetroLogistics owns a propane dehydrogenation (PDH) unit in Houston, which has a propylene capacity of 544,000 tonnes/year.
By: Al Greenwood
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