Updated: Baker Botts and Latham Close First MLP IPO of 2017
Lawyers from Baker Botts and Latham & Watkins are expected today to close a $103.5 million initial public offering for Kimbell Royalty Partners, the first master limited partnership to announce an IPO this year. The IPO could indicate brighter times ahead for MLPs, which have been slow to recover from the low oil prices that hit the market in late 2014. Based in Fort Worth, Kimbell owns oil and gas mineral and royalty interests across 20 states.





