Kinder Morgan shares trade 5.5 percent above IPO price

Kinder Morgan shares trade 5.5 percent above IPO price.
(Reuters) - Shares of pipeline company Kinder Morgan Inc (KMI.N) traded at $31.65 on Friday, 5.5 percent above its initial public offering price in early New York Stock Exchange Trading.


On Thursday, Houston based Kinder Morgan sold 95.5 million shares for $30 each -- more shares than expected and at a price above the expected range.

It was the largest U.S. energy IPO since 1998, according to Thomson Reuters data.

Source : http://www.reuters.com/article/2011/02/11/us-kindermorgan-idUSTRE71A3UF20110211?feedType=RSS&feedName=businessNews&WT.tsrc=Social%20Media&WT.z_smid=twtr-reuters_biz&WT.z_smid_dest=Twitter