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BW LPG looks to raise up to $300m from Oslo IPO

BW LPG is looking to raise $275m - $300m from its planned initial public offering (IPO) on the Oslo Stock Exchange.

Marcus Hand, Editor

October 25, 2013

1 Min Read
Kalyakan - stock.adobe.com

The LPG shipowning and operating arm of BW Group confirmed on Friday it would be proceeding with the IPO which it expects to price in November.

BW said it expects to raise $275m - $300m from the IPO, which will be used to primarily finance its newbuilding programme.

“The BW Group sees strong opportunities for growth within the LPG segment and invites new investors to join us and invest alongside the BW Group”, said Andreas Sohmen-Pao, ceo of BW Maritime.

BW Group is targeting to maintain a shareholding of 45% - 55% in BW LPG after the offering.

Read more about:

BW Group

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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