Western Refining Logistic shares jump in debut

Western Refining Logistics LP shares jumped in their trading debut on the New York Stock Exchange.

The Texas-based oil refiner is a subsidiary of Western Refining Inc. and raised $302.5 million in its initial public offering Thursday

It priced its offering of nearly 13.8 million shares at $22 per share, just ahead of market expectations.

Its shares jumped almost 10 percent to $24.17 by early afternoon after trading as high as $24.74 earlier.

The company’s shares are trading under the…Continued here: http://www.brownsvilleherald.com/news/texas/article_d140c784-edc1-59e2-aaee-9646595a2110.html

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