There were three initial public offerings (IPOs) that went off Wednesday. One appears to be doing much better than the other two, at least as far as early investors are concerned.

Dominion Midstream Partners LP (NYSE: DM), a master limited partnership (MLP) spun out of Dominion Resources Inc. (NYSE: D) will hold all the outstanding preferred equity interests in the Cove Point LNG import and regasification plant on Maryland’s Chesapeake Bay coast and a 136-mile pipeline that connects the Cove Point plant to onshore interstate pipelines. Dominion received federal approval to build and operate the plant in late September. The MLP offered 17.5 million common units at $21, the high end of the expected range. Dominion Resources raised $368 million at a market cap of around $1.7 billion. The new company opened trading at $22.50 and shares reached a high of $26.25, up 25% as this is being written.

Forward Pharma A/S (NASDAQ: FWP) is a Denmark-based biopharmaceutical company that is preparing to launch a Phase 3 clinical trial of a treatment for multiple sclerosis. The company sold 10.5 million American Depositary Shares (ADS) at $21, the midpoint of the expected price range. 20 to $22 to raise $221 million. Forward Pharma sold 1 million more shares than it had originally planned, but the share price has sunk nearly 18% to trade at $17.31 in the late afternoon. The stock posted a low of $15.75 and a high of $19.00 earlier today.

Great Western Bancorp Inc. (NYSE: GWB)is a regional bank holding company based in Sioux Falls, South Dakota. The bank offer 16 million shares at $18 a share, below the expected price range of $21 to $24. Great Western raised $288 million in the IPO, about 20% less than it had expected. Shares are trading down about 1% at $17.81 after posting an IPO range of $17.40 to $18.44.

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