Shades of Google or Facebook from San Antonio's own Valero--which has kicked off an initial public stock of a new spin-off company.
"Valero Energy Partners" will focus on infrastructure--such as pipelines and storage facilities.
"By separating them out--and making just those assets themselves available to investors--it's creating some value in a new company people can invest in" said Valero's Bill Day, who told 550 KTSA News the spin-off will actually help optimize the value of those assets.
"All of these assets were part of Valero Energy Corporation--but they were kind of lost amid all of the refining and marketing assets that we have--and their true value was not being realized" Day said.
The initial public offering includes 15-million units, representing about one-quarter of the ownership of the spin-off--with more to potentially be added after 30-days. It comes with executives from another Valero spin-off set to take their place in the spotlight in New York, by ringing the opening bell at the New York Stock Exchange Tuesday.
"It's a great opportunity to be up on Wall Street and represent all 12-thousand of our team members" said Corner Store CEO Kim Bowers.