Coal MLP Armstrong Resource Partners LP withdraws stale $22 million IPO

Armstrong Resource Partners LP, a limited partnership unit which leases the coal reserves of Armstong Energy, withdrew its plans for an initial public offering on Wednesday. It originally filed in October 2011 with a proposed deal size of $22 million.

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The St. Louis, MO-based company was founded in 2008 and booked $10 million in sales for the 12 months ended March 31, 2012. It had planned to list on the Nasdaq under the symbol ARPS. Raymond James, FBR Capital Markets and Stifel were set to be the joint bookrunners on the deal.

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