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Soroban Capital Partners Buys Plains GP Holdings On Its IPO

Soroban Capital, Plains GP: Just now, Soroban Capital Partners reported initiating a position in Plains GP Holdings LP (NYSE:PAGP). The fund now owns 7 million shares of the company, which represent 5.5% of the outstanding shares. At the current price of Plains GP Holdings’ stock, the value of the position amounts to some $156.2 million. Plains went on IPO today, which is considered the largest IPO this year, so far.

Soroban

Disclosure: none

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