Noble offered 12.5 million shares, priced between $19 and $21, to the public and offered underwriters the option to buy another 1.86 million shares.
The share total equates to between a 34% and 39% stake in Noble Midstream Partners.
But the company pulled the offer due to “unfavorable equity market conditions” and said it would “continue to evaluate the timing for the proposed offering as market conditions develop.”
Barclays,
