KNOT Offshore Partners, LP (ticker KNOP) is currently out on its IPO roadshow and looking to raise $149 million by selling 7.45 million common units at a mid-point price of $20 with an indicated mid-point yield of 7.50%. They expect to price the deal next Tuesday April 9th but I would not be surprised to see it get priced early, so they might get the deal done and priced by this Thursday night.
IMPORTANT: KNOP has elected to be taxed as a C-Corp. so it will provide investors with a 1099-DIV instead of a K-1, which makes KNOP acceptable for Tax Deferred Accounts like your IRA.
- Here is the full roadshow presentation: KNOP IPO Roadshow April 2013
- Here is a link to the roadshow video (it will be removed on the night the IPO prices): KNOP IPO Roadshow Video
- Here is a link to their SEC filings: KNOT Offshore Partners LP SEC Filings
Paid subscribers keep an eye on your inbox for analytics on KNOP some time later this week.
MLP Protocol 
David,
I’m just starting my analysis and will send it out to paid subscribers as soon as it’s ready. If you’re a paid subscriber and need my immediate read on it, please email me directly from the email address used for your subscription.
Cheers,
Phil
Phil,
What are your thoughts on this IPO?