Shamrock Logistics Slated to Issue Stock Offering

The new stock-offerings calendar is almost bare again this week. One U.S. company is scheduled to debut on Wall Street--and it’s not even a typical new issue. Despite the drought in initial public offerings amid the wave of disheartening corporate earnings news and sinking stock prices, Shamrock Logistics plans to go public in a deal that could raise around $100 million. Goldman Sachs is the lead manager of the Shamrock Logistics IPO. According to documents filed with the Securities and Exchange Commission, Shamrock Logistics was formed to acquire and operate most of U.S. independent oil refiner Ultramar Diamond Shamrock Corp.’s crude oil and refined products pipeline. The IPO will offer 4.5 million units--or limited partner interests--at $22 to $24, up from $21 to $23.