Noble Midstream Postpones IPO On Weak Market Conditions

Noble Midstream Partners LP late Thursday said it deferred its initial public offering due to the weak stock market. "Noble Midstream will continue to evaluate the timing for the proposed offering as market conditions develop," the company said in a statement. The postponement comes on the heels of strong debuts by Square Inc. and Match Group Inc. which surged 45% and 23%, respectively, on their first day of trading. Noble Midstream is a subsidiary of Noble Energy Inc. and was formed to own, operate, and develop domestic midstream infrastructure assets.