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Kinder Morgan seeks $1.75-billion IPO to fund Trans Mountain Add to ...

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Kinder Morgan Inc.’s Canadian unit is seeking to raise $1.75-billion in an initial public offering to help fund its contentious Trans Mountain pipeline expansion as the project inches closer to construction.

Houston-based Kinder Morgan plans to offer the restricted voting shares at between $19 and $22 apiece while retaining an ownership stake of up to 77 per cent, according to an updated prospectus filed Wednesday.

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