Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

BW LPG prices Oslo IPO

BW LPG prices Oslo IPO
BW LPG has priced its initial public offering (IPO) on the Oslo Bors at between NOK40 and NOK50 ($8.14) per share.

The LPG arm of Andreas Sohmen-Pao led BW Group said it would be issuing 41.555m new shares and up to 30.481m existing shares. The company said the offer was priced at an indicative range of NOK40 to NOK50 per share.

Gross proceeds from the sale of new shares is expected to be fixed at NOK1.662bn ($280m).

The offer for both institutional and retail investors opened on 11 November and closes on 22 November, when the offer is expected to price. The shares are expected to start trading on 25 November.

BofA Merrill Lynch and Skandinaviska Enskilda Banken are acting as joint global coordinators for the offering.