RTTNews | Oct 6, 2021 11:03AM EDT

11:03 Wednesday, October 6, 2021 (RTTNews.com) - Shares of mid-stream energy company Hess Midstream LP (HESM) are trading down 10 percent in the Wednesday market after the company upsized an earlier announced underwritten public offering of Class A shares.

In the recent development, Hess Midstream upsized the previously announced 6 million Class A shares to an aggregate 7.5 million shares representing limited partner interests in HESM by a subsidiary of Hess Corp. and an affiliate of Global Infrastructure Partners at a public offering price of $26 per Class A share.

Currently at $25.96, the stock has traded between $14.95 and $30.34 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3230910/hess-midstream-shares-tumble-10-announces-upsize-of-underwritten-public-offering.aspx)

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