Chesapeake Midstream Files for $345 Million IPO

Chesapeake Midstream Partners has filed for a $345 million IPO. It plans to trade on the NYSE under ticker symbol CHM, with Citi and Morgan Stanley serving as co-lead underwriters.

The Oklahoma City-based company was formed in 2008 as a 50/50 joint venture between Chesapeake Energy Corp. (NYSE: CHK) and Global Infrastructure Partners. As part of the deal, GIP paid Chesapeake $588 million.