Oiltanking Partners is to sell $200 million (€141 million) worth of shares in an initial public offering (IPO), Citybizlist reported.
However, the oil terminal, which is based in Houston, US, did not say how much its individual shares were worth or how many shares it planned to sell.
Some of the money raised from the IPO would be used to repay the $125 million loan Oiltanking Partners received from Oiltanking Finance, as well as its debt to Oiltanking Holding Americas.
The rest of the funds will be used as working capital, the company says.
Oiltanking Partners was only founded in March 2011 and so the company cannot provide any of its financial details. However, its previous companies, Oiltanking Houston and Oiltanking Beaumont Partners made a combined net income of $38 million in 2010, a rise of $25 million on the previous year.