not sure why it would pop on the news but the GP is coming out with an IPO. If memory serves me correctly last summer the same GP sold a bunch of their memp units so now they are selling some of the gp
No, NGP sold off all their public MEMP units last year, they have nothing left but 5.4M subordinated units and the GP interests. The GP is just a shell, it owns no limited units, and nothing to "IPO". The LP is also a shell, just to buffer interests in the various NGP private investment funds. Lots of buffers. They can't "sell" the GP.