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Propylene is giving the underwriters a 30-day option to buy up to approximately 5.3 million additional units. The offering is expected to close on Wednesday. PetroLogistics, based in Houston, is trading under the ticker "PDH." The company's 2011 net income was $21.9 million, compared with a loss of $39.7 million in the prior-year period. Pro forma net income for 2011 was $12.9 million. Revenue increased to $614.9 million from $30.4 million in 2010.
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