CVR Refining LP (NYSE: CVRR) has priced its initial public offering of 24 million common units at $25 per unit.

CVR Refining has granted the underwriters an option to purchase up to an additional 3.6 million common units from CVR Refining at the initial public offering price. The offering is expected to close on Jan. 23, subject to customary closing conditions.

After the offering, CVR Energy Inc. will indirectly own common units representing 83.7% of CVR Refining's outstanding units and CVR Refining's general partner, which owns a non-economic general partner ...