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GasLog Partners IPO is Full Steam Ahead on First Day

GasLog Partners priced its initial public offering at the high end of the planned range and the stock immediately shot up to $26 on the first day of trading. CEO Paul Wogan says the company expects to expand its fleet of liquified natural gas carriers and could acquire more from its parent company to move the LNG around the world. Wogan points out that many countries around the world are building up their LNG infrastructures. GasLog expects to pay an annualized dividend of 7.5%.